10th August 2017

NS&I Provisional Q1 2017-18 Results

NS&I today published its latest unaudited quarterly figures, for the first quarter (April-June 2017) of the financial year 2017-18.

In Q1 2017-18, NS&I delivered £1.6 billion of Net Financing. NS&I also delivered £29 million of savings to the taxpayer in Q1 2017-18 – as measured by the Value Indicator.

The March 2017 Budget confirmed that NS&I’s 2017-18 Net Financing target is to deliver £13 billion, within a range of £10 billion to £16 billion.

NS&I’s Value Indicator target for 2017-18 is to deliver £250 million of value, but with a lower limit of -£100 million (excluding Investment Guaranteed Growth Bonds and 65+ Bonds). The lower limit is important because it allows NS&I to continue to balance the interests of its savers, taxpayers and the stability of the broader financial services sector through a period of exceptionally low gilt yields.

Unaudited Q1 2017-18 results (1 April – 30 June 2017)

All figures are in £ billion and are subject to rounding. Q1 2017-18 figures are provisional, unaudited and subject to change due to transaction processing (evidence of identity) adjustments, cancellation and any accounting adjustments.

*C&AIP is capitalised and accrued interest and prizes earned. All figures are in £ billion and subject to rounding.

**Excluding 65+ Bonds.

***Excluding 65+ Bonds and Investment Guaranteed Growth 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.

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