The Lion - Issue 43

Page 1

THE

LION

Bablake Diary

NEWS & VIEWS FROM BABLAKE SCHOOL ISSUE 43 SUMMER 2007

TARGET TWO POINT ZERO

Wednesday 5 September Autumn Term Begins Saturday 22 September Parents’ Association Ball Friday 9 November Open Evening 6:00pm – 9:00pm Saturday 10 November Open Morning 9:30am – 12:00 noon Saturday 1 December Parents’ Association Christmas Fayre Monday 17 and 18 December Senior School Carol Service

The Bank of England/Times Interest Rate Challenge success

In this issue News Travel Creative Events Action Achievement Sport

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From an original field of 265 teams nationwide, a team of Upper Sixth Economics students secured a place in the National Final at the Bank of England in London on March 22 and 23. The team of four students, Becky Healy, Jodie-Leigh Angus, Someit Sidhu and Malcolm Thomas took on the role of the Bank of England’s Monetary Policy Committee. Back in October last year they started to carry out a rigorous assessment of economic conditions in the UK, the EU and the rest of the world to judge the outlook for inflation in the UK. They were assisted in their research by Marcus Balhatchet-Browne and

Lee Harrison. They then had to decide what level of interest rate they would set to meet the Government’s target of 2.0%. The team won the regional heat in Leamington in November 2006, and the West Midlands and South West England area final on 28 February, to qualify for the National Final in March. In the 2007 National Final, the team again took on the role of the MPC and, in a 20 minute presentation, gave their analysis of economic conditions, the outlook for inflation, and their interest rate decision to a panel of four judges comprising three members of the

actual MPC and a representative from The Times newspaper. The team was placed joint fourth, winning individual prizes and a cheque for £1000 for the school. Furthermore the team was given an exclusive guided tour of the Bank itself, including a visit to where the gold reserves are stored, sitting in the Governor’s chair in the conference room and the opportunity to meet the Governor, Mervyn King. In addition they were provided with first class accommodation and hospitality and entertainment at the musical We Will Rock You at the Dominion Theatre for the duration of their two-day stay in The City. Winning through to the National Final was a tremendous achievement and the whole experience was something the team will value and remember for the rest of their lives.


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