We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
NS&I Index linked certificates to be introduced next FY
cepheus
Posts: 20,053 Forumite
A note hidden within the lengthy Budget document today confirmed that National Savings and Investments (NS&I) is 'expected to make a contribution to net finance of £2bn'.
NS&I's injection of £2bn of fresh cash to the government coffers will need to be made in the 2011/2012 financial year, which starts on 1 April.
That positive target – increased from zero last year - means NS&I can relaunch the popular index-linked bonds at any point from next month.....
NS&I confirmed that the bonds will once again be linked to the retail prices index (RPI) measure of inflation, but could offer no further details at this stage.
NS&I confirmed that the bonds will once again be linked to the retail prices index (RPI) measure of inflation, but could offer no further details at this stage.
0
Comments
-
RPI + 0.01% perhaps....?0
-
'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0
-
Excellent news, at last something positive for savers.0
-
will they be based around the percentage change in RPI year on year, rather than the running rate perhaps?0
-
ROTFL..I guarantee that whatever they offer will be another slap in the face to muggins savers. They probably need the money to bankroll their terrorism in Libya and also to artificially massage the housing market for FTBs.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
-
...........they will probably offer rpi + 0% as people are disparate now (remember the rpi +0.3% which was soon dropped for rpi + 1% as the take up was so low)0
-
Good to see that the use of RPI will prevail (if correct). I would expect RPI + 0.25% if it launches by the end of April, this maybe some slightly good news for cash savers...I would normally have a cup of tea0
-
Savings_Dave wrote: »Good to see that the use of RPI will prevail (if correct). I would expect RPI + 0.25% if it launches by the end of April, this maybe some slightly good news for cash savers...
Why do you think that?'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
-
For those of us unfamiliar with these bonds, could someone explain to me how they've worked in the past? Are they fixed-term bonds? Over what term? What access do you get to it?
Thx in advance0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards