Students set their sights on National Final
Last week, the Stamford Endowed Schools Foundation hosted its annual business event where two teams of Y12 and Y13 Economics students compete to see who will go forward to represent the Schools in the Target 2.0 Interest Rate challenge.
Each year the Bank of England runs this national competition for sixth formers to test their knowledge and understanding of the UK economy. The students are required to recommend a course of action (to include the setting of interest rates and use of quantitative easing) to keep inflation at 2.0%. It is a difficult challenge, particularly in the current climate.
The teams had to face the SES panel of judges, which consisted of: Sir David Arculus (chairman of Numis Corporation plc), Hitesh Kanabar (Business Coach and MD Queensgate Hotel) and Ken Schmidt (CEO Ecolutia Services). Both the Y12 team of Cameron Brown, Thomas Davies, Harry Lovell and David Rudd- Jones; and the Y13 team of Kiran Bhondi, Christy Chan, Robin Hornak and Bo Vergalen did very well, giving a clear outline of the problems facing the UK today. The judges deemed the teams to be equal this year and so the result was a tie.
The Head of Economics at the Stamford Endowed Schools has selected two students from each team to represent the School in the next round. The students are: Robin Hornak, Kiran Bhondi (from Y13), Cameron Brown and Tom Davies (from Y12). They will now go forward to the first round of the competition held on Thursday 21st November in Kettering.
Good luck to the team with the rest of the competition.