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NS&I reports GBP3.7 billion gross inflows in Q2

UK-based NS&I, a savings and investments provider, has reported GBP3.7 billion gross inflows in the second quarter of 2007.

The company’s net financing for the quarter was GBP874 million, bringing the half-year total to GBP3.19 billion. As reported in the recent pre budget report NS&I has revised its net financing forecast for 2007-08 from GBP2.8 billion to GBP4.2 billion. The total gross inflows reached GBP8.3 billion for the first half of 2007.