The IEA Budget Challenge

The Budget Challenge Final 2018

On Thursday 15th March the IEA hosted its Budget Challenge Final 2018! This is a national competition for A-Level Economics pupils to enter in teams of four to represent their school. Teams put together a submission outlining a Budget with taxation and spending policy for the UK in the coming financial year, in which they also analyse the macroeconomic conditions and set out a broad policy and strategy in response to these! Huge congratulations to the Brighton College team who won the first prize of £1,000 for their school and team members, and also to the three runner up teams from Altrincham Grammar School for Boys, South Hampstead High School and Repton School!

Teams who made it through to the Final were Bedford Modern School, Sir Thomas Rich’s School, Harrow School, Brighton College, Royal Grammar School High Wycombe, Altrincham Grammar School for Boys, South Hampstead High School, Colchester Royal Grammar School, Lingfield College and Repton School.

These top ten teams had competed against schools from across the country for their place in the Final and travelled to the IEA offices with their economics teachers to present their proposals to a panel of judges!

Teams took it in turns to make the case for their proposals and analysis to judges including Stephanie Lis, Prof. Len Shackleton, Dr Steve Davies and Prof. Philip Booth, before questioning!