Government-backed NS&I facing £3bn bill for four-year overdue digital revamp

The Government-backed NS&I is facing a bill of £3 billion and a four-year delay for its major digital revamp (NS&I/PA) - (PA Archive)

The Government-backed NS&I is facing a bill of £3 billion and a four-year delay for its major digital revamp, having “underestimated” the scale of the challenge, the pubic spending watchdog has said.

The savings giant does not have a realistic plan in place and lacks the capability to deliver on its programme, according to the National Audit Office (NAO).