Prime Minister pledges to halve budget deficit in forthcoming Budget, new Ask Financially Financial Health Test offers personal budget solutions too

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While the Chancellor and the Prime Minister prepare to reveal on 24 March what steps they intend to take to halve the budget deficit, voters can only wait to see how their personal finances will be affected ahead of the proposed UK election in May. A new Financial Health Test from Ask Finacially provides UK families and consumers with a snapshot of their own financial health, in preparation for the Chancellor's Budget announcement next week.

Look after your financial health

When people see the budget, they will see the plan for the future which includes the halving of the deficit - Prime Minister Gordon Brown

Ask Developments Ltd a respected company set up in 2004 providing free unbiased financial information, are pleased to launch their new Financial Health Test from their website, in time for the March UK Budget announcement. The Financial Health Test captures a broad picture of an individual's committments enabling them to take informed steps to improve the overall health of their finances and goals.

Alistair Darling would not be drawn on the contents of his impending budget annoiuncement on 24 March when speaking with Adam Boulton on this week's Sunday Live on Sky News. However, when asked about possible tax rises to reduce the gaping budget deficit, he said "No Chancellor wants to have to put up income tax," implying he may not have a choice. Being able to prepare for the impact of any tax rises or cuts that may result from the Budget announcement comes from understanding one's own financial health, including where any vulnerabilities may be.

With this in mind Ask Financially's Financial Health Test enables UK consumers to examine all aspects of their personal finances establishing what, if any, financial goals they have, assessing income, being prepared for one or more family members losing their income, coping with mortgage repayments and other debts, through to thinking about savings, protection of assets and preparing for life changes including retirement. Information provided is assessed and suggestions offered to improve the user's overall financial health, perhaps addressing things which wouldn't have been considered prior to doing the financial health test.

Taking responsibility for their own financial health is the key to UK consumers navigating the larger financial health crisis being faced by this or any newly elected UK Government.

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Nicola Young
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