NS&I delivered £7.7 billion of Net Financing in Q2 2023-24, giving a half-year total of £9.8 billion. The figure is part of NS&I’s latest unaudited quarterly results for the second quarter (July-September 2023) of the financial year 2023-24.
NS&I’s Net Financing target for 2023-24, set at the Spring Budget 2023, is unchanged, at £7.5 billion (+/- £3 billion). NS&I’s overall Net Financing performance for 2023-24 will be announced as part of its annual results in the summer of 2024.
Unaudited Q1 and Q2 2023-24 results (1 April – 30 September 2023)
|
Qtr / year |
Gross inflows (including reinvestments) £bn |
C&AIP* £bn |
Gross outflows £bn |
Net Financing £bn |
Total stock (as at 30 September) £bn
|
|
Q2 2023-24 (unaudited) |
27.4** |
2.1** |
21.5** |
7.7*** |
228.5** |
|
Q1 2023-24 (unaudited) |
13.9** |
2.0** |
13.6** |
2.2*** |
220.6** |
All figures are in £ billion and are subject to rounding.
*C&AIP is capitalised and accrued interest and prizes earned. All figures are in £ billion and subject to rounding.
**Including Green Savings Bonds.
***Excluding Green Savings Bonds.
NS&I financial results 2018-19 to 2022-23
|
Year |
Gross inflows (including reinvestments) £bn
|
C&AIP* £bn
|
Gross outflows £bn |
Net Financing £bn |
Total stock (as at 31 March) £bn |
|
2022-23 |
53.7** |
5.5** |
48.6** |
10.0*** |
218.3** |
|
2021-22 |
44.9** |
2.5** |
42.7** |
4.4*** |
207.6** |
|
2020-21 |
86.2 |
2.2 |
64.6 |
23.8 |
203.0 |
|
2019-20
|
38.2 |
2.6 |
29.2 |
11.6 |
179.2 |
|
2018-19
|
37.3 |
2.4 |
28.9 |
10.8 |
167.6 |
All figures are in £ billion and are subject to rounding.
*C&AIP is capitalised and accrued interest and prizes earned. All figures are in £ billion and subject to rounding.
**Including Green Savings Bonds.
***Excluding Green Savings Bonds.
NS&I reports quarterly on gross inflows and outflows, Net Financing and total stock. Each quarter, NS&I issues these unaudited figures and publishes its Annual Report and audited accounts each financial year. Net Financing excludes Green Savings Bonds as they are a policy product.
Net Financing is the measure of the net change of NS&I funds, meaning total inflows from deposits, retention of maturing monies and capitalised and accrued interest, less the total outflows from withdrawals and interest or Premium Bonds prize draw payments. A positive Net Financing figure represents a positive contribution to government financing.
Notes to Editors
- NS&I is one of the largest savings organisations in the UK, offering a range of savings and investments to more than 24 million customers. All products offer 100% capital security, because NS&I is backed by HM Treasury.
- NS&I’s 2022-23 Annual Report and Accounts was published on 29 June 2023 and can be downloaded here.
- For further information, please contact the NS&I media team.