NS&I £1bn Budget Shake-Up: What It Means for Premium Bonds, Interest Rates and UK Savers in 2025
As of 30 November 2025, Premium Bond savers are at the centre of a quiet revolution in the UK’s savings landscape. Chancellor Rachel Reeves’s Autumn Budget has ordered National Savings & Investments to raise an extra £1 billion from the public, while also cutting future cash ISA limits. Together with rising NS&I bond rates and a possible Bank of England rate cut in December, that puts Premium Bonds and other NS&I products firmly in the spotlight. Bank of England+3GOV.UK+3NS&I Corporate+3