Strong Result for Sixth Form Economists
Our team are runners-up in the regional heat of The Bank of England's and The Times’ Target Two Point Zero competition.
Sixth Form economists Rebecca Heath, Jack Helm, Clarice Harper-Smith and Catriona Gibb have finished runners-up in a regional heat of The Bank of England's and The Times' Target 2.0 competition.
The annual interest rate challenge gives teams of students aged 16-18 the chance to take on the role of the Bank of England's Monetary Policy Committee, assess economic conditions and the outlook for inflation, and tell a panel of judges what monetary policy they would set to achieve the Government’s inflation target of 2.0%.
Our Head of Economics, Mr Jon Saunders, said: “Our team, led by Rebecca, took the unusual stance of proposing to unwind Quantative Easing by £5bn to leave the stock of purchased assets at £370bn. They gave an impressive presentation on their findings and fielded questions from members of the Bank of England as to their policy proposal and economic knowledge.”
The competition this year attracted entries from 297 teams across the UK. Our team narrowly missed out on a place at the Area Final to Sandringham School, one of six teams in a strong regional heat.
The chair of the judging panel, Mr Phil Eckersley, added: “It was a very tight contest with a real array of differing policy recommendations covering a broad range from tightening to accommodative.”
Photo credit: Mark Heath