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Press release
NS&I 2007-08 QUARTER 3 FINANCIAL REPORT
25 January 2008
Below are NS&I’s latest quarterly figures, for the third quarter of the financial year 2007-08.
Highlights
Quarterly figures
|
Qtr/year |
Gross inflows |
C&AI* |
Gross outflows |
Net financing |
Total stock |
Value Added |
|
Q3 2007-08 |
3,763 |
397 |
2,522 |
1,638 |
83,810 |
104 |
|
Q2 2007-08 |
3,809 |
240 |
3,125 |
925 |
82,172 |
94 |
|
Q1 2007-08 |
4,531 |
521 |
2,734 |
2,318 |
81,247 |
99 |
|
2006-07 |
14,165 |
1,337 |
9,942 |
5,560 |
78,901 |
337 |
|
2005-06 |
11,976 |
1,198 |
8,317 |
4,857 |
73,341 |
260 |
All figures are in £ million (rounded up to the nearest whole number), 2007-08 Q3 figures only are unaudited and subject to change due to late transaction processing (evidence of identity), cancellation and any accounting adjustments
* Capitalised and accrued interest
NS&I reports quarterly on gross inflows and outflows, net financing and total stock. Each quarter, NS&I will issue these unaudited figures and will also continue to publish its annual report and audited accounts for each financial year.
ENDS
Notes to editors
1. NS&I’s performance is measured by Value Added. The government raises money in two main ways: through the sale of gilts and Treasury bills and through NS&I. Value Added is an assessment of how cost-effective NS&I is at raising finance for the government and the difference between the cost of running NS&I and the cost of raising finance through the sale of gilts and Treasury bills. The Value Added figure is important because it represents cost savings to the UK taxpayer.
2. NS&I’s performance is also measured by net financing, which is the balance of sales, repayments and interest costs and is the amount of money it gives to the government to help it manage the national debt once interest, Premium Bonds prizes, matured investments and other repayments are made to customers.
3. NS&I is one of the UK’s largest savings and investments providers, with 27 million customers and a total investment of £83 billion, offering retail savings and investments that are 100% secure, backed by HM Treasury. Its total balance of funds represents 16.05% of the national debt (as at November 2007).
4. NS&I was formed in 1861 and is a government department and an executive agency of the Chancellor of the Exchequer, reporting to Kitty Ussher MP, Economic Secretary to the Treasury.
Media team
NS&I has a number of spokespeople available for interviews and our experienced radio team is available via our ISDN line: 020 7602 4522.
The numbers below are for media use only.
Customers
wishing to contact NS&I can find details here.
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