Director General - Economics and Chief Economic Adviser

Are you interested in playing an important high‑profile role in the senior leadership team of HM Treasury? We are seeking a highly motivated leader with an outstanding track record in economic policy, and with excellent leadership, influencing and communication skills. The Director General provides overall leadership of macroeconomic policy within HM Treasury. This includes the primary mission to increase economic growth and fiscal consolidation, in order to deliver sustainable public finances and fiscal policy. The postholder also leads departmental engagement with the Bank of England’s Monetary Policy Committee, the Office for Budget Responsibility, and the Debt Management Office.

What you will bring to the team

The DG reports to the Permanent Secretary and is the principal Treasury adviser to the Chancellor on macroeconomic and fiscal policy. The DG is a member of the Treasury’s Executive Management Board and part of the collective leadership of the Treasury, a department of c. 2,000 staff, as well as the head of the Government Economic Service, providing leadership to economists across government. The DG also directly leads the Economics Group and the Fiscal Group, each with a Director, totalling around 200 staff.

Key Accountabilities for this role include:

• Act as principal adviser to the Chancellor, Prime Minister and Treasury Ministers on the macroeconomy, fiscal policy and growth, as well as the macroeconomic and microeconomic implications of wider policy issues;
• Lead the Treasury’s relationships with the monetary and markets side of the Bank of England (including attendance at the Monetary Policy Committee and acting as Accounting Officer for the Reserves), the Office for Budget Responsibility, the Debt Management Office and its relations with the markets, and international institutions including the IMF, the OECD (as they relate to the UK economy) and chair the G20 Framework Working group;
• Provide strong leadership to two Treasury Groups, comprising 200 staff, and collectively to the whole department as a member of EMB, alongside their Director General and Permanent Secretary colleagues;
• Champion economics in government as head of the Government Economic Service, acting as a credible and authentic leader within the economics field, and provide professional leadership for economists and analysts across the public sector.

HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We welcome applications from candidates who have not previously worked for the Civil Service, mid‑ and late‑career changers with transferrable skills, people from all backgrounds and circumstances regardless of disability, ethnicity, LGBT+ identity and socio‑economic status.

Some of the Benefits our people love!

• 25 days annual leave (rising to 30 after 5 years), plus 8 public holidays and the King’s birthday (unless you have a legacy arrangement as an existing Civil Servant).
• Additionally, we operate flexitime systems, allowing employees to take up to an additional 2 days off each month;
• Flexible working patterns (part‑time, job‑share, condensed hours);
• Generous parental and adoption leave packages;
• Access to a generous Defined Benefit pension scheme with employer contributions of 28.97%;
• Access to a cycle‑to‑work salary sacrifice scheme and season ticket advances;
• A range of active staff networks, based around interests (e.g. analysts, music society, sports and social club) and diversity.

For more information about the role and how to apply, please follow the apply link. If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form, or speak to the recruitment team at hrrecruitment@hmtreasury.gov.uk.