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03 Feb 2011

Baillie Gifford Essay Competition Winners 

Transcript (pdf)

The essays have been marked, the judging panel has deliberated and we are now pleased to announce the winners of The Baillie Gifford Essay Competition in association with the Financial Mail.

Now in its fifth year, the competition is open to all students in full-time education aged between 13 and 18. This year students were asked, in no more than 750 words, to answer this question:

“As a newly appointed minister in the coalition government, how would you encourage more people to save and why is saving good for the economy?”

The question was current and allowed teenagers to get involved in topical discussions

There was no real underlying theme from the 370 essays received, responses were varied, however the ‘paradox of thrift’ popularised by John Maynard Keynes was mentioned quite a lot.

The competition consists of two age categories, 13 to 15 years old and 16 to 18 years old. From the essays received in each category, we selected a short-list of 23 students whose essays were then marked by a final judging panel composed of Chris Fletcher, Head of Retail Investments at Baillie Gifford, Jeff Prestridge, Personal Finance Editor of the Financial Mail and Wendy van den Hende, Chief Executive of the Personal Finance Education Group. They then selected the first and second prize winners for each category.

School prizes were offered as an incentive for schools to encourage their pupils to enter.  Colchester Royal Grammar in Essex were very successful this year and have won a £500 cheque, an engraved plaque and £540 worth of book tokens.

The winner of the 16 -18 year old category was Chris Cheyney from Colchester Royal Grammar.  Second prize winners in the 16 to 18 years old category were Sam Fawcett form Monkton Combe School in Bath and Pravina Rudra from Colchester Royal Grammar in Essex.

In the 13 to 15 years old category the first prize winner was Edward Slegg from Licensed Victuallers’ School in Berkshire.  Second prize winners in the 13 to 15 years old category were Sam Povey from Robert Gordons College in Aberdeen and Lucy Clark from Sherburn High School in Leeds.

Baillie Gifford thanks everyone who took the time to enter last year’s competition and congratulates all the winners and runners-up, as well as their schools. You can read the winning entries below -

Read Chris Cheyney's winning entry here

Read Edward Slegg's winning entry here




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