I have always felt that this is not the way to do it. If there is a need to curb spending why hit those who have very little disposable income anyway. People like myself who have paid off their mortgage some time ago have more disposable income, and are benefiting through their savings.
Consequently I will continue to spend (three holidays this year, plus two new computers and three digital cameras etc.) And I don't really care. I'm also paying some of the increases on my children's mortgages to help them out over what for them is a difficult period.
The absurdly low interest rates have led to the high property prices/high mortgages payments that are now eating away at our disposable incomes, and the absence of credit controls (remember the days when you had to pay one-third up front on hire purchase agreements?) has led to a mountain of unsustainable consumer debt.
Saving has become something strange people did in the days of yore, and children are brought up in an environment where (apparently) you simply pick up the phone to get a £100,000 cheque in the post.
So much for Mr Brown's "prudent" financial management.