NS&I sees cash inflow shrink

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The savings group NS&I saw its cash inflow fall to a four-year low last year after it pulled two popular inflation-beating products. The government-backed group attracted £15.3bn in the year to March, compared with £18.1bn the previous year and £26bn in 2009, when savers nervous about banks flocked to the group.

NS&I said it was at risk of exceeding the financing target set by the Government last year. Inflows are set to rise this year after the Government increased its target and the group reintroduced an inflation-linked product.