Prudence was divorced long ago by the government, as we can see from the state of the public finances.
Now Prudence is to be penalised and punished,
If you have saved, you will be offered practically no interest on your savings.
If you have saved through a pension fund, it now has to pay tax on the dividends.
If you are in a final salary pension scheme, you may find tax and regulation are squeezing it to death. You may no longer be able to add additional years service to your pension.
And to cap it all, we learned yesterday that the next plan might be a further tax on the prudent to pay for the costs of those who need residential care later in life.
The message from the government is clear. Spend all you can today, and rely on the state tomorrow. I warn you. Do not be prudent under this government, and do not grow old.