At a Glance
- Tasks: Lead economic analysis to shape policy and improve lives across the UK.
- Company: Join HM Treasury's Economics Group, a key player in UK economic strategy.
- Benefits: Enjoy flexible working, generous leave, and a strong pension scheme.
- Other info: Inclusive team culture with opportunities for personal and professional growth.
- Why this job: Make a real impact on economic policy while collaborating with top experts.
- Qualifications: Degree in Economics or equivalent experience; strong analytical and communication skills required.
The predicted salary is between 59960 - 69500 £ per year.
Salary: £59,960 to £69,500
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:
- Lead HMT’s analysis of the supply-side of the economy and productivity growth, providing timely mentorship to Ministers and high-level government representatives.
- Provide key briefing on productivity data and productivity statistics releases.
- Lead on impactful and fast-paced analysis at the budget.
- Provide leadership to the team and provide flexible matrix management to economists.
- Lead and deliver the annual review of the supply side of the economy, working closely with the Office for Budget Responsibility (OBR) and bringing together analysis across HM Treasury, the rest of government, and the Bank of England.
- Deliver high-impact projects to improve our understanding of the economic supply chain.
- Deliver regular impactful assessments of the output gap (the balance of supply and demand in the economy) bringing together evidence from across Economics Group to reach an assessment of whether there is excess demand or slack in the economy. This assessment is vital to informing overall fiscal and macroeconomic strategy.
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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