At a Glance
- Tasks: Lead analysis on key labour market issues and shape economic policy.
- Company: Join HM Treasury's Economics Group, a leader in UK economic analysis.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
- Other info: Collaborative environment with excellent career development opportunities.
- Why this job: Make a real impact on the UK economy and improve lives.
- Qualifications: Degree in Economics or equivalent experience with strong analytical skills.
The predicted salary is between 59960 - 69500 £ per year.
- Contract Type: Permanent
- Working Pattern: These posts are available on a full-time, part-time or job-share basis, and flexible working hours can be accommodated.
- Location: London / Darlington
- About the Group
The Economics Group leads HM Treasury’s analysis of developments in the UK economy and advises ministers on the implications for the Government’s economic strategy.
It provides expert economic analysis and advice for Ministers.
The Group collaborates with external experts on the UK economy, including the Bank of England, Office for Budget Responsibility and leading academics.
Economics Group provides support for the UK Government’s economic and social research professions, including running centralised recruitment and the annual conferences.
About the role
This is a fantastic opportunity to lead some of the Treasury’s key cross-cutting analysis to help shape economic policy and improve lives.
You will work closely with other teams across HMT, and with a wide range of external experts including Bank of England, the OBR, and the ONS.
The role involves creating and deploying high-impact analysis and evidence to improve economic policy decisions affecting people across the UK and shape the government's economic narrative.
It also involves extensive leadership and working flexibly as part of a friendly, inclusive and high performing team where we support each other to develop ourselves and our positive contribution to society.
At times this may include changes to responsibilities to respond to HMT priorities.
Some of the responsibilities of this role include
- Build the understanding within the Treasury of some of the most significant labour market challenges facing the UK.
Work on some of the highest profile labour market issues facing the Government - recent areas of focus have included health-related inactivity, youth unemployment, National Living Wage policy, pension policy, public sector pay and labour market participation.
- Lead analysis of labour market developments.
Draw insights from data supported by evidence to understand trends in employment, inactivity, wages, and participation.
Ensure ministers, senior officials, and policy teams receive timely, relevant, and insightful evidence for decision-making.
- Build policy development across government. Collaborate with policy teams and analysts to assess policy impacts, identify issues, and ensure economic evidence guides decisions.
About You
- You have an undergraduate degree in Economics, or equivalent work experience and possess a first or upper second-class honours degree with at least half of the modules in economics.
- Your strong skills across economics technical frameworks include the ability to analyse multiple and complex datasets at pace to bring out the most meaningful insights, as well as communicating economic policy to non-technical audiences.
- You have proven experience leading sophisticated analytical or policy work.
You work with others to assess diverse evidence and apply good judgment to weigh factors and reach conclusions under uncertainty.
- You can build and harness effective relationships, and communicate effectively with Ministers, seniors and both internal and external stakeholders (domestic and/or international) with different priorities and objectives, breaking down complex information into clear policy choices and flexing communication style to deliver objectives.
- You build good relationships with colleagues from different teams allows you to use these connections to drive goals forward.
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
If you need any reasonable adjustments to take part in the selection process, please tell us about this in your online application form.
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Economic Adviser - Labour Markets employer: HM TREASURY
HM Treasury is an exceptional employer, offering a dynamic work environment in Darlington where policy advisers can thrive. With a strong emphasis on personal development, flexible working arrangements, and generous benefits including a defined benefit pension scheme and extensive leave options, employees are encouraged to engage in meaningful projects that enhance their expertise and contribute to the UK's financial market innovation.
