Churchill Students Win LSP Target 2.0 Economics Competition at Backwell School

This week marked the second annual LSP Target 2.0 Competition, held at Backwell School, where Year 12 Economics students took centre stage to tackle a real-world economic challenge: what action should the Bank of England take to maintain inflation at its 2% target?

After weeks of in-depth research, analysis and preparation, students presented their findings and recommendations using the most up-to-date economic data. The standard of presentations was exceptionally high, showcasing a deep understanding of monetary policy, inflationary pressures, and macroeconomic indicators.

Representing the Academy were Albert, Theo, Charlie and Theo, who delivered a compelling and thoroughly researched argument for keeping interest rates on hold. Their insightful analysis and confident delivery impressed the judge, Dr Peter Spittal, an Economics lecturer from the University of Bristol, who praised the team’s breadth of knowledge and awarded them first place in the competition.

The winning team was supported by the rest of their class, who played a vital role in collecting and analysing data throughout the project, demonstrating strong teamwork and academic collaboration.

Following the competition, Dr Spittal delivered an engaging taster lecture on the minimum wage, exploring its theoretical foundations, economic implications and relevant statistical evidence. This experience and lecture provided students with a fascinating insight into real-world economics beyond the classroom.

It was an enjoyable and thought-provoking morning, made even more rewarding by our well-deserved victory. A big thank you to Backwell School for hosting this fantastic event!