National Savings & Investments (NS&I) has announced it "does not expect" to reintroduce its popular Index-linked Savings Certificates in the current financial year.
The savings organisation said the government's Net Financing Target for 2012/13 was set at zero, meaning it is not required to grow its existing £100bn stock any further.
Its Net Financing Target for 2011/12 was £2bn - meaning it could put the inflation-beating certificates on sale.
The Net Financing Target for NS&I is based on a balance of the interests of savers, the wider financial services industry and taxpayers and is usually set in the Budget.
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