The chief economist at the Bank of England said that he would sleep well in the knowledge that there are so many up and coming young economists.
Spencer Dale made his comments as Oundle School in Northamptonshire was named as the 14th winner of the Bank of England’s annual rate-setting Target 2.0 competition.
The contest challenged teams of young people to assume the role of Threadneedle Street’s Monetary Policy Committee (MPC) and propose the best rate and policy to sustain growth while hitting the official inflation target of two per cent.
From an original field of 287 schools, six teams of A level pupils took part in the national finals in London last month.
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