NS&I today published its latest unaudited quarterly figures, for the first quarter (April-June 2021) of the financial year 2021-22.
Net Financing for the quarter was -£0.2 billion. The impact of the interest rate reductions made by NS&I towards the end of 2020 has continued to be reflected in the volume of outflows NS&I experienced in Q1 2021-22, while the opening up of the economy has also had an effect on savers’ behaviour.
NS&I delivered £38 million of savings to the taxpayer in Q1 2021-22, as measured by the Value Indicator.
The March 2021 Budget set NS&I’s Net Financing target for 2021-22 at £6 billion (+/- £3 billion) and a Value Indicator target for 2021-22 has been agreed with HM Treasury to be more positive than -£900 million.
Unaudited Q1 2021-22 results (1 April – 30 June 2021)
Q1 2021-22
- Gross inflows (including reinvestments) £bn: 12.2
- C&AIP £bn: 0.6
- Gross outflows £bn: 13.0
- Net Financing £bn: -0.2
- Total stock (as at 30 June £bn): 202.8
- Value Indicator £bn: 0.04
Q1 2020-21
- Gross inflows (including reinvestments) £bn: 20.0
- C&AIP £bn: 0.6
- Gross outflows £bn: 6.1
- Net Financing £bn: 14.6
- Total stock (as at 30 June £bn): 193.8
- Value Indicator £bn: N/A
NS&I financial results 2016-17 to 2020-21
2020-21
- Gross inflows (including reinvestments) £bn: 86.2
- C&AIP £bn: 2.2
- Gross outflows £bn: 64.6
- Net Financing £bn: 23.8
- Total stock (as at 30 June £bn): 203.0
- Value Indicator £bn: N/A
2019-20
- Gross inflows (including reinvestments) £bn: 38.2
- C&AIP £bn: 2.6
- Gross outflows £bn: 29.2
- Net Financing £bn: 11.6
- Total stock £bn: 179.2
- Value Indicator £bn: -0.9
2017-18
- Gross inflows (including reinvestments) £bn: 37.3
- C&AIP £bn: 2.4
- Gross outflows £bn: 28.9
- Net Financing £bn: 10.8
- Total stock £bn: 167.6
- Value Indicator £bn: 0.01
2017-18
- Gross inflows (including reinvestments) £bn: 42.7
- C&AIP £bn: 2.5
- Gross outflows £bn: 35.4
- Net Financing £bn: 9.8
- Total stock £bn: 156.7
- Value Indicator £bn: 0.2
2016-17
- Gross inflows (including reinvestments) £bn: 35.0
- C&AIP £bn: 2.3
- Gross outflows £bn: 25.5
- Net Financing £bn: 11.8
- Total stock £bn: 146.9
- Value Indicator £bn: 0.1
