National Savings, you know Premium Bonds, the Post Office etc, has issued research that younger people trying to get on to the property ladder are having to save for an extra year towards a deposit compared to 10 years ago.
NS&I say that on average it used to take 2 years and nine months to save for an average 5% deposit for a home in 1994 and now it takes 3 years and nine months.
Our view
This is not rocket science - we all know that property prices have gone up. It looks like NS&I are literally chasing press coverage with some pretty obvious, although we admit, interesting statistics.