NS&I delivers £3.3 billion of Net Financing to the Government in the first half of 2024-25
NS&I delivered £2.6 billion of Net Financing in Q2 2024-25 and £0.7 billion of Net Financing in Q1 2024-25, giving a half-year total of £3.3 billion. The figures are part of NS&I’s unaudited quarterly results for the first half (April-September 2024) of the financial year 2024-25.
The Spring Budget in March 2024 set NS&I’s Net Financing target for 2024-25 at £9.0 billion (+/- £4 billion).
Unaudited Q1 and Q2 2024-25 results (1 April – 30 September 2024)*
| Qtr / year | Gross inflows (including reinvestments) £bn
| C&AIP** £bn
| Gross outflows £bn
| Net Financing £bn
| Total stock £bn
|
Q2 2024-25 (unaudited) | 15.7 | 2.3 | 15.4 | 2.6 | 233.9 |
Q1 2024-25 (unaudited) | 11.7 | 3.0 | 14.0 | 0.7 | 231.3 |
NS&I financial results 2019-20 to 2023-24*
| Year | Gross inflows (including reinvestments) £bn
| C&AIP** £bn
| Gross outflows £bn | Net Financing £bn | Total stock £bn |
| 2023-24 | 65.7 | 8.7 | 62.1 | 11.3 | 230.5 |
| 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 |
All figures are in £ billion and are subject to rounding.
*All figures from 2021-22 onwards (with the exception of Net Financing) include Green Savings Bonds.
**C&AIP is capitalised and accrued interest and prizes earned. All figures are in £ billion and subject to rounding.
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Notes to Editors
- Net Financing – 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. Net Financing excludes Green Savings Bonds, as they are a policy product.
- NS&I’s Annual Report and Accounts 2023-24 can be downloaded here .
- 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.
- Further information on NS&I, including press releases and product information, is available on the website at nsandi.com. Follow us on X/Twitter: @nsandi