Economic Adviser (Grade 7) in HM Treasury's Economics Group (multiple roles)

• 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 roles

These are fantastic opportunities 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. All the roles involve 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. They will also involve 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.

You may apply once to be considered for one, two, or all three roles. You can indicate your preferred order.

Some of the responsibilities of these roles include:

Economic Adviser - Head of Inflation

• Lead HMT's analysis on inflation and cost of living, including the overall narrative, outlook, and impact of policy. Provide timely advice to Ministers and senior officials. Lead briefing for key data releases.

• Oversee and improve HMT's short-term inflation forecasting framework (STIF), incorporating multiple models and expert judgement to inform overall economic strategy and specific policy decisions.

• Deliver impactful economic and policy analysis on inflation, including assessing the inflationary impact of policy measures at budget and shaping longer-term policy in this space. Management responsibility for two other economists.

Economic Adviser - Labour Markets

• 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.

Economic Adviser - Supply-Side Growth

• 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

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.