MPs Call NS&I Modernisation a ‘Full-Spectrum Disaster
On 13 February 2026, UK lawmakers delivered a stark verdict on the troubled overhaul of NS&I, the government-backed savings institution that safeguards more than £240 billion for around 25 million customers. A parliamentary watchdog described the digital transformation, first launched in 2020, as a “full-spectrum disaster,” citing spiraling costs that ballooned from roughly £1.3 billion to £3 billion with little measurable progress.
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