NS&I announces strongest sales since 2000

21 July 2006
The government-backed investment provider National Savings and Investments (NS&I) has announced its results for the tax year to 31 March, 2006.

The results represent NS&I's strongest annual sales record since 2000, with a year-on-year increase of seven per cent to £11.2 billion and a similar increase in total funds invested, up seven per cent to £73.37 billion.

NS&I also reports 620,000 new customers on its books – a success rate which indirectly assists all UK taxpayers by reducing the government's level of borrowing.

Trevor Bayley, NS&I's acting chief executive, said: "We've had a remarkable year at NS&I, with significant developments for customers, many making it easier for them to save and invest with us.

"As part of our ongoing and extensive modernisation programme we're on target to deliver £15 billion growth by the end of 2007/08, having reached the £10.2 billion mark as of 31 March, 2006."

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