A team of 9 Oundle
pupils won the Regional Heats in the recent Target Two Point Zero Bank of
England and Times Interest Rate Challenge. The pupils now go through to the
Area Finals which take place in February 2014.
Oliver Wood (17), Juliette Aliker (17), Freddie Martin (18) and Malayandi
Palaniappan (18) presented their findings ably supported with research from
Stanley Billington (17), Danial Bistamam (18), Alexandra Hodgson (17), Andrew
Ginns (17) and Matthew Law (18).
had to act as the real Monetary Policy Committee would and undertake economic
research and analysis by examining current economic conditions, and assessing
the outlook for the economy and inflation. They then had to present their
findings to a panel of judges in competition with other schools in the area and
make a monetary policy recommendation with supporting arguments and evidence to
achieve the Government’s inflation target of 2.0%.
commented, “In our presentation we proposed to keep the bank rate at
0.5% and maintain the stock of QE asset purchases at £375, due to the fragile
recovery in the UK and falling real wages.
It felt amazing to
win as we had been working on the presentation for several months, with a very
hectic couple of days before updating all of the data and statistics on the
slides. It has given all of the team a much greater understanding of the
current state of the UK economy and will definitely help us in our A-level
of Economics, Mo Tanweer commented, “The Oundle
team of pupils presented very strongly and answered the panel’s questions
excellently. They should be rightly proud of their achievement.”
Area Finals will take place in February 2014.
Publicity and Press Relations Officer
Background Information on Oundle School
School is situated in the quintessentially English Market town from which it
takes its name. The School's buildings, dating from the seventeenth to the
twenty-first century, are dispersed throughout the town, which is, to a large
extent, its campus.
School's history goes back to 1556 when Sir William Laxton, Master of the
Worshipful Company of Grocers and Lord Mayor of London, endowed and re-founded
the original Oundle Grammar School, of which he was a former pupil. In 1876,
the Grocers' Company decided to divide the School into two parts: Laxton Grammar
School, mainly for the inhabitants of the town, and Oundle School, mainly for
pupils from further afield. However, to mark the new millennium, the Governing
Body decided to reunite the two schools under the common name of Oundle School,
with Laxton as a House for day-pupils.
School is now able to offer a range of educational possibilities to meet
contemporary needs: co-educational day or boarding education, with Laxton
Junior as a 4-11 day school, and Oundle School as a boarding and day school,
with entry at 11, 13 or into the Sixth Form.