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SES Team Target National Final Again

The Target 2.0 team 2011On Friday 4th November, in the Ancaster Studio at SHS, the Foundation put on 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.

This prestigious competition, run by The Bank of England in conjunction with The Times, gives teams of students from across the country a chance to take on the role of the Bank of England’s Monetary Policy Committee. The teams have to assess economic conditions and the outlook for inflation and tell the panel of judges what monetary policy they would set to achieve the Government’s inflation target of 2.0%

First though the teams had to face the SES panel of judges, which consisted of: Sir David Arculus (chairman of Numis Securities), Hitesh Kanabar (Business Coach and MD Queensgate Hotel) and Ben Miller (CEO Cummings Generators). The Y12 team of Tiffany Tse, Billy Earl, James Voyle and Nikola Djacic did very well, giving a clear outline of the problems facing the UK today, but it was the Y13 team of Matthew Pennill, Johannes Kangur, Oliver Horton and Andy Ho, who were judged to be winners by the panel. They will make up the school team, with the Y12s as understudies and researchers, and will go forward to the first round of the competition held on Thursday 24th November. Last year’s SES team were national finalists in the 2010/2011 challenge; therefore the current team have high ambitions.

Good luck to the team with the rest of the competition.