A Herefordshire teenager has been recognised in a prestigious essay-writing competition.

Alfie Wynter, who lives near Hereford, finished third overall in the annual Schroders Economics Prize run by the Haberdashers’ Company.

Alfie is a former student at the Bishop of Hereford’s Bluecoat School and is now in Year 13 at Haberdashers’ Monmouth Schools.

The Herefordshire student picked up his award at Haberdashers’ Hall in London this week and was joined by, among others, fellow Haberdashers’ Monmouth student, Lillian Zhou, who clinched first place.

Alfie and Lillian produced outstanding essays on where they believe interest rates are heading in the USA in an attempt to reduce the expected inflation post-Covid-19 pandemic.

Alfie, 18, said: “I was very happy to come third in the competition because I didn’t expect to go that far.

“I enjoyed researching and writing the essay because it was related to relevant times, and I could understand the possible economic routes that the USA could take.”

Alfie is studying Biology, Maths and Economics at A level and is hoping to take a gap year before reading Construction Management and Building Surveying at university.

“Economics wasn’t originally a subject in my three A level choices,” said Alfie.

“I originally chose to study a different subject at A level at Monmouth, but I realised it wasn’t for me.

“Economics is now one of my favourite subjects and I eventually hope to make my way into the property world.”

As part of her prize, Lillian has been offered two days’ work experience at Schroders, a British multi-national asset management company that employs more than 4,100 people worldwide.

Lillian is studying A levels in Economics, Physics and Further Mathematics (including Maths). She would like to read Economics at university and pursue a career in finance.