Personal Finance: Internet Investor

THIS TIME next week, we will all be digesting or, depending on how we have been hit by it, indigesting the Budget. Whatever comes out of Tuesday's performance by Gordon Brown, history is already delivering its verdict on him. He may be balancing the Government's books but this Chancellor is one of life's complicators, increasing the number of taxes we all have to pay and broadening the circumstances under which we have to pay them. But could you do any better?

Short of winning the next election, you may now install yourself in a virtual Number 11, Downing Street, thanks to a joint venture by the Institute of Fiscal Studies and the Bristol-based Institute for Learning and Research Technology. Their virtual-economy model is based on the Treasury's own economic model and is a development of the IFS's past website offering which allowed you to "Be Your Own Chancellor".

This new model is actually based around the Chancellor's Downing Street house and office. On the ground floor is the Chancellor's Office, with an introduction to the virtual economy; the first floor has case studies about the impact of changes in the economy on people, business and governments; the second floor is dedicated to the different economic variables in the model with advice, explanations, worksheets and relevant economic theories; the third floor is a library of economic theory and a glossary; and the fourth floor is the economic model itself, where you can change what you like and see the effect on the economy.

When you have had your fun and wrecked the virtual economy by juggling too vigorously with tax rates, while you may not agree with what Gordon Brown does, you may have new respect for the problems facing Chancellors of all political hues!

A couple of weeks ago, I was telling you about Virgin.net's plans to offer free Internet access. In addition to this, it has now announced plans to offer an online personal finance channel. It is unlikely to appear for a couple of months, but the channel will include interactive facilities such as mortgage and tax calculators, and independent advice on investments, mortgages and pensions. Given Virgin's position as a provider of financial services, any advice claiming to be independent will have to be seen clearly to be exactly that.

For the time being, if you want to use an independent financial adviser but don't know how to get in touch with one, check out IFA Promotion's website. The organisation exists mainly to signpost consumers towards IFAs. You fill in an online form and you will be e-mailed the details of three IFAs nearest to you, together with a voucher for a free initial consultation.

Virtual Economy: www.bized.ac.uk/virtual/economy/

IFA Promotion: www.ifap.org.uk

Robin can be reached at RobinAmlot@aol.com

Voices
Mosul dam was retaken with the help of the US
voicesRobert Fisk: Barack Obama is following the jihadists’ script
Life and Style
techCould new invention save millions in healthcare bills?
Arts and Entertainment
Loaded weapon: drugs have surprise side effects for Scarlett Johansson in Luc Besson’s ‘Lucy’
filmReview: Lucy, Luc Besson's complex thriller
News
peoplePamela Anderson rejects ice bucket challenge because of ALS experiments on animals
PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
Life and Style
ebooksA superb mix of recipes serving up the freshest of local produce in a delicious range of styles
Life and Style
ebooksFrom the lifespan of a slug to the distance to the Sun: answers to 500 questions from readers
Life and Style
food + drink
Arts and Entertainment
tvExecutive says content is not 'without any purpose'
News
A cleaner prepares the red carpet for the opening night during the 59th International Cannes Film Festival May 17, 2006 in Cannes, France.
newsPowerful vacuum cleaners to be banned under EU regulations
Arts and Entertainment
tvSpielberg involved in bringing his 2002 film to the small screen
Sport
sportLeague Managers' Association had described Malky Mackay texts as 'friendly banter'
News
A polar bear’s diet is rich in seal blubber and half of its own body weight is composed of fat
i100
News
peopleCareer spanned 70 years, including work with Holocaust survivors
News
people
Travel
Flocking round: Beyoncé, Madame Tussauds' latest waxwork, looking fierce in the park
travelIn a digital age when we have more access than ever to the stars, why are waxworks still pulling in crowds?
News
London is the most expensive city in Europe for cultural activities such as ballet
arts
Arts and Entertainment
Jeremy Clarkson has rejected criticisms of his language, according to BBC director of television Danny Cohen
tv
Independent
Travel Shop
the manor
Up to 70% off luxury travel
on city breaks Find out more
santorini
Up to 70% off luxury travel
on chic beach resorts Find out more
sardina foodie
Up to 70% off luxury travel
on country retreats Find out more
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

ES Rentals

    iJobs Job Widget
    iJobs General

    Head of IT (Not-for-Profit sector) - East Sussex

    £45000 - £50000 per annum + 5 weeks holiday & benefits: Ashdown Group: Head of...

    Nursery Nurse

    £25 per day: Randstad Education Manchester: Level 3 Nursery nurse needed in th...

    Supply Teaching jobs in Thetford

    £21588 - £31566 per annum: Randstad Education Cambridge: Randstad Education ar...

    KS1 teachers needed in Peterborough

    £110 - £125 per annum: Randstad Education Cambridge: Randstad Education are ur...

    Day In a Page

    Air strikes? Talk of God? Obama is following the jihadists’ script

    Air strikes? Talk of God? Obama is following the jihadists’ script

    The President came the nearest he has come yet to rivalling George W Bush’s gormless reaction to 9/11 , says Robert Fisk
    Ebola outbreak: Billy Graham’s son declares righteous war on the virus

    Billy Graham’s son declares righteous war on Ebola

    A Christian charity’s efforts to save missionaries trapped in Africa by the crisis have been justifiably praised. But doubts remain about its evangelical motives
    Jeremy Clarkson 'does not see a problem' with his racist language on Top Gear, says BBC

    Not even Jeremy Clarkson is bigger than the BBC, says TV boss

    Corporation’s head of television confirms ‘Top Gear’ host was warned about racist language
    Nick Clegg the movie: Channel 4 to air Coalition drama showing Lib Dem leader's rise

    Nick Clegg the movie

    Channel 4 to air Coalition drama showing Lib Dem leader's rise
    Philip Larkin: Misogynist, racist, miserable? Or caring, playful man who lived for others?

    Philip Larkin: What will survive of him?

    Larkin's reputation has taken a knocking. But a new book by James Booth argues that the poet was affectionate, witty, entertaining and kind, as hitherto unseen letters, sketches and 'selfies' reveal
    Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?

    Waxing lyrical

    Madame Tussauds has shown off its Beyoncé waxwork in Regent's Park - but why is the tourist attraction still pulling in the crowds?
    Texas forensic astronomer finally pinpoints the exact birth of impressionism

    Revealed (to the minute)

    The precise time when impressionism was born
    From slow-roasted to sugar-cured: how to make the most of the British tomato season

    Make the most of British tomatoes

    The British crop is at its tastiest and most abundant. Sudi Pigott shares her favourite recipes
    10 best men's skincare products

    Face it: 10 best men's skincare products

    Oscar Quine cleanses, tones and moisturises to find skin-savers blokes will be proud to display on the bathroom shelf
    Malky Mackay allegations: Malky Mackay, Iain Moody and another grim day for English football

    Mackay, Moody and another grim day for English football

    The latest shocking claims do nothing to dispel the image that some in the game on these shores exist in a time warp, laments Sam Wallace
    La Liga analysis: Will Barcelona's hopes go out of the window?

    Will Barcelona's hopes go out of the window?

    Pete Jenson starts his preview of the Spanish season, which begins on Saturday, by explaining how Fifa’s transfer ban will affect the Catalans
    Middle East crisis: We know all too much about the cruelty of Isis – but all too little about who they are

    We know all too much about the cruelty of Isis – but all too little about who they are

    Now Obama has seen the next US reporter to be threatened with beheading, will he blink, asks Robert Fisk
    Neanderthals lived alongside humans for centuries, latest study shows

    Final resting place of our Neanderthal neighbours revealed

    Bones dated to 40,000 years ago show species may have died out in Belgium species co-existed
    Scottish independence: The new Scots who hold fate of the UK in their hands

    The new Scots who hold fate of the UK in their hands

    Scotland’s immigrants are as passionate about the future of their adopted nation as anyone else
    Britain's ugliest buildings: Which monstrosities should be nominated for the Dead Prize?

    Blight club: Britain's ugliest buildings

    Following the architect Cameron Sinclair's introduction of the Dead Prize, an award for ugly buildings, John Rentoul reflects on some of the biggest blots on the UK landscape