3x Economic Adviser roles in Economics Group (Labour Markets, Inflation, and supply-side growth)

• Details
• Reference number
• 472334
• Salary
• £59,690 - £69,500

London: £62,690 - £69,500 / National: £59,690 - £66,500. An analyst allowance would likely apply if the candidate held a master’s degree or higher with at least 50% content in. This is subject to approval once appointed. If the successful candidate is a current Civil Servant joining on a level transfer, HM Treasury will honour their current substantive salary if higher. For more information on pay, please refer to the guidance at https://hmtreasury.pagetiger.com/cjbibw.

A Civil Service Pension with an employer contribution of 28.97%

GBP

• Job grade
• Grade 7
• Contract type
• Permanent
• Business area
• HMT - Economics
• Type of role
• Analytical
• Economist
• Working pattern
• Flexible working, Full-time, Part-time
• Number of jobs available
• 3
• Contents

• Location
• About the job
• Benefits
• Things you need to know
• Apply and further information

Location

This post can be based in London (1 Horse Guards Road) or Darlington (Feethams House).

About the job

Job summary

If you’re interested in making a difference to people’s lives, the Treasury can offer you an exciting opportunity to influence decision making that affects the whole of the UK. Working at the heart of government, we collaborate across government to promote responsible public spending and drive strong and sustainable economic growth.

Our work ranges from protecting customers through the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, to promoting British trade around the world and supporting people across the country on jobs, growth and more.

We are part of the Darlington Economic Campus, a cross-government hub bringing people together to tackle key national issues while working closer to the communities we serve.

Job description

About the teams

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’s data hub is transforming how the Treasury uses data across its entire business. 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.

The Structural Economics team ( roles on labour markets and supply-side growth ) is at the core of the Treasury’s function as an economics Ministry, providing economic analysis, briefing and policy advice on the issues facing the UK economy. We play a central role in analysing developments in the economy and risks to the outlook. The team leads on our macroeconomic advice on labour market policy; regional analysis; the supply side of the economy; and human capital and migration; climate economics and general equilibrium modelling.

Macroeconomic Conditions and Risks (inflation role) is a friendly and open team working across the Economics Group and the Treasury more broadly: providing analysis, advice and briefing to Ministers on economic developments, particularly GDP and inflation, economic risks, the near-term outlook and macroeconomic narrative; leading on the UK’s sovereign credit rating and management of the regular IMF and OECD surveillance of the UK economy; representing the UK in G20 macroeconomic discussions; and leading the Treasury’s relationship with the ONS. The team prepares regular updates on the macroeconomy for the Chancellor, presents economic updates to the PM, organises internal State of the Economy meetings and leads on the presentation of the government’s economic narrative in external fora.

Job descriptions

This is a fantastic opportunity to lead some of the Treasury’s key cross-cutting analysis to help shape economic policy and improve lives. These are three high profile roles within Treasury’s Economics Group, working closely with other teams across HMT, and with a wide range of external experts including Bank of England, the OBR, and the ONS. All 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.

All roles 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. Some roles include some early starts (6.45am for data releases, ~ once a month) and peak periods which are accommodated with time off through HMT’s flexible working policy. Flexible working patterns and professional development are supported and encouraged. You can submit one application to be considered for any, or all, of these three roles. You will have the opportunity to rank your preferences.

Head of Inflation (G7)

• Lead HMT’s analysis of inflation and cost of living including overall narrative, outlook and risks, providing timely advice to Ministers and senior officials and overseeing briefing for key data releases.
• Own and develop HMT’s short-term inflation forecasting framework (STIF), modelling, judgement and policy insight to support decision-making.
• Deliver high-impact analysis and policy development to inform fiscal and economic policy, including assessing the inflationary effects of Budget measures, options to improve the cost of living, and other policy interventions.
• Maintain and enhance inflation evidence, modelling tools and analytical workflows, driving continuous improvements to capability and insight. Build strong relationships with key external partners. To strengthen HMT’s understanding of prices and inflation statistics and inform longer-term developments in inflation data and policy.
• Provide outstanding line management for one SEO economist and one EO economist, and work flexibly along other G7s in the branch including the Head of GDP and the Head of Economic narrative, covering for each other as needed.

Economic adviser, labour markets (G7)

• Shape the Treasury’s understanding of some of the most significant labour market challenges facing the UK. The role offers the opportunity to 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, drawing insights from data and evidence to understand trends in employment, inactivity, wages and participation, and ensuring ministers, senior officials and policy teams have access to timely, relevant and insightful evidence to support decision-making.
• Shape policy development across government, working closely with policy teams and analytical colleagues to assess the impacts of policy interventions, identify emerging issues and ensure economic evidence informs decision-making.
• Play a key role in the Treasury’s contribution to fiscal events and wider strategic work, engage with stakeholders across government and externally, and help strengthen the department’s evidence base on labour market issues.
• As a senior member of the branch, you will also help support its leadership, develop analytical capability and contribute to delivering high-quality analysis and advice across a broad portfolio of labour market issues.

Economic adviser, supply-side growth (G7)

• Lead HMT’s analysis of the supply-side of the economy and productivity growth, providing timely advice to Ministers and senior officials. Provide key briefing on productivity data and productivity statistics releases. Lead on impactful and fast-paced analysis at the budget.
• 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 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.
• Scope and deliver high-impact proactive economic projects to improve our understanding of the supply-side of the economy and the drivers of economic growth, to support the development of growth policy and strategy.
• As a senior member of the branch, you will also help support its leadership, develop analytical capability, and contribute to delivering high-quality analysis and advice across a broad range of topics. You will provide flexible matrix management to economists in the team.

Candidate Drop-In Sessions

The hiring managers will be running candidate drop-in sessions to give you greater insight about the role and HM Treasury and ask any questions you might have. If you would like to join us, use the link below to join the call at the right time.

Thursday 13th August, 1:30pm to 2pm: https://teams.microsoft.com/meet/352079610855531?p=gEtchnxVFK9bWStqZC

Thursday 20th August, 1:30pm to 2pm: https://teams.microsoft.com/meet/352079610855531?p=gEtchnxVFK9bWStqZC

If you would like to speak to the hiring managers informally prior to the closing date, please contact the relevant manager depending on which role you are interested in:

• Economic Adviser (Supply side growth) Freddie Mitchell Frederick.mitchell@hmtreasury.gov.uk
• Economic Adviser (Labour markets) Katie Baxter katie.baxter@hmtreasury.gov.uk
• Head of Inflation (Economic Adviser) Ellie Price Ellie.Price@hmtreasury.gov.uk

Visa sponsorship is not available for this role.

Person specification

Application Stage

Required Qualifications

An undergraduate degree in Economics, or equivalent work experience. You must possess or expected to have a first or upper second-class honours degree with at least 50% of the modules in economics or have a master's in economics.

In your application form, you’ll be asked to confirm that you hold this qualification. You will need to provide evidence of this qualification if you are invited to interview.

Application Form

Applications should consist of a CV including your employment history, and a 250 word statement setting out how you meet each of the four shortlisting criteria below. Your CV and employment history won’t be scored. It’s used to give context to your application and support discussions at interview.

The panel will review applications and invite those that best demonstrate evidence of the shortlisting criteria for interview. Please keep this in mind when writing your application.

Please note that only applications submitted through Civil Service Jobs will be accepted.

Technical skills [lead criteria] – Strong skills across economics technical framework including the ability to analyse multiple and complex datasets at pace to bring out the most important insights, and communicating economic policy to non-technical audiences.

• Making Effective Decisions - ability to lead complex analytical or policy work, collaborating with others to assess a range of different factors including a range of empirical and qualitative evidence, apply sound judgment to weigh up factors, and reach conclusions under uncertainty.
• Communicating and Influencing - ability to build and leverage 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.
• Working Together : Ability to build good relationships with colleagues from different teams and use these connections to drive goals forward

For context, you can review the GES Technical Framework here: GES Technical Framework 2022 - GOV.UK

Interview Stage

If you are successful at the application stage, you will be invited to interview where you will be assessed against the following criteria:

• Technical Skills – Government Economic Service
• Behaviours:
• Communicating and Influencing
• Leadership
• Making Effective Decisions
• Working Together

Interview Task / Presentation

Prior to your interview, we will contact you about a presentation that the panel would like you to deliver as part of the technical assessment. Further details will be communicated to you nearer the time.

Behaviours

We'll assess you against these behaviours during the selection process:

• Communicating and Influencing
• Making Effective Decisions
• Working Together
• Leadership

We only ask for evidence of these behaviours on your application form:

• Communicating and Influencing
• Making Effective Decisions
• Working Together

Technical skills

We'll assess you against these technical skills during the selection process:

• Technical skills – Strong skills across economics technical framework including the ability to analyse multiple and complex datasets at pace to bring out the most important insights, and communicating economic policy to non-technical audiences.

Benefits

Alongside your salary of £59,690, HM Treasury contributes £17,292 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides .

• Generous Annual Leave - 25 days (rising to 30 after 5 years), plus public holidays and the King’s birthday.
• Outstanding Pension Scheme - Defined Benefit pension with employer contributions of 28.97%
• Parental Leave Packages - Including 6 months’ occupational pay for maternity/adoption, shared parental leave options.
• Flexible & Hybrid Working - Options include part-time, job-share, compressed hours, flexitime, and hybrid working (where business needs allow).
• Advance Schemes & Discounts - Rental deposit, cycle-to-work, SmartTech, season ticket loans, and access to HM Treasury’s benefits portal for a wide range of discount codes.

You can review HM Treasury’s full offer here.

Things you need to know

Artificial intelligence

Artificial intelligence can be a useful tool to support your application, however, all examples and statements provided must be truthful, factually accurate and taken directly from your own experience. Where plagiarism has been identified (presenting the ideas and experiences of others, or generated by artificial intelligence, as your own) applications may be withdrawn and internal candidates may be subject to disciplinary action. Please see our candidate guidance for more information on appropriate and inappropriate use.

Selection process details

This vacancy is using Success Profiles , and will assess your Behaviours, Experience and Technical skills.

The reference to Experience above is system generated. For this role, experience is not assessed at any stage. We will ask for some CV details in your application form, but this is for reference only and will not be scored.

Candidate Guidance

Please review the candidate guidance for an overview of the Success Profiles and STAR approach, along with top tips for applications and interviews.

Recruitment Timeline

• Closing date: 31st August 2026
• Shortlisting: w/c 31st August 2026
• Interviews: w/c 14th September 2026

This timeline is indicative and may be subject to change. We will inform you if there is a substantial change to the recruitment timeline.

If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile.

Reserve Lists

You will be placed on a reserve list if your application is successful, but we cannot offer you a role immediately. Where more than one location has been advertised, candidates will be posted in merit order by location. You will be asked to provide your location preference on your application form. Please note that a place on the reserve list does not guarantee an offer.

If you are offered a role in your first preferred location and you decline the offer or are unable to take up the post within a reasonable timeframe, you will be removed from the reserve list, other than in exceptional circumstances.

Those on the reserve list may also be approached for similar roles at a lower grade. If you are offered a role at a lower grade and choose to decline, you can remain on the reserve list.

Internal Fraud Database Check

Candidates cannot apply to roles in the Civil Service if the application is made within a 5-year period following a dismissal for carrying out internal fraud against government.

Successful candidates will be subject to a check on the Internal Fraud Database. This check will provide information about employees who have been dismissed for fraud or dishonesty offences. This also applies to those who resign or otherwise leave before being dismissed for fraud or dishonesty offences had their employment continued. Any applicant’s details held on the database will be refused employment.

National Security Vetting

Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks. Additionally, successful candidates will be subject to National Security Vetting. The level of security vetting required for this role is Counter-Terrorist Check .

To allow for meaningful checks to be carried out, applicants will need to have lived in the UK for at least 3 out of the past 5 years . You will be asked to provide residency information within your application form, and eligibility for national security vetting will be checked once the advert closing date has passed. In certain circumstances, for example if you have been working abroad on a government posting, a lack of residency would not be a bar to security clearance however the Department will need to consider eligibility on a case-by-case basis once the advert closing date has passed.

Feedback will only be provided if you attend an interview or assessment.

Security

Successful candidates must undergo a basic (or equivalent) criminal record check.

Successful candidates must meet the security requirements before they can be appointed. The level of security needed is counter-terrorist check .

See our vetting charter .

People working with government assets must complete baseline personnel security standard (opens in new window) checks.

Nationality requirements

This job is broadly open to the following groups:

• UK nationals
• nationals of the Republic of Ireland
• nationals of Commonwealth countries who have the right to work in the UK
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities with settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• nationals of the EU, Switzerland, Norway, Iceland or Liechtenstein and family members of those nationalities who have made a valid application for settled or pre-settled status under the European Union Settlement Scheme (EUSS)
• individuals with limited leave to remain or indefinite leave to remain who were eligible to apply for EUSS on or before 31 December 2020
• Turkish nationals, and certain family members of Turkish nationals, who have accrued the right to work in the Civil Service

Further information on nationality requirements

Working for the Civil Service

The Civil Service Code sets out the standards of behaviour expected of civil servants.

We recruit by merit on the basis of fair and open competition, as outlined in the Civil Service Commission's recruitment principles .

The Civil Service embraces diversity and promotes equal opportunities. As such, we run a Disability Confident Scheme (DCS) for candidates with disabilities who meet the minimum selection criteria.

The Civil Service also offers a Redeployment Interview Scheme to civil servants who are at risk of redundancy, and who meet the minimum requirements for the advertised vacancy.

Diversity and Inclusion

The Civil Service is committed to attract, retain and invest in talent wherever it is found. To learn more please see the Civil Service People Plan and the Civil Service Diversity and Inclusion Strategy .

Apply and further information

This vacancy is part of the Great Place to Work for Veterans initiative.

The Civil Service welcomes applications from people who have recently left prison or have an unspent conviction. Read more about prison leaver recruitment (opens in new window).

Once this job has closed, the job advert will no longer be available. You may want to save a copy for your records.

Contact point for applicants

Job contact :

• Name : Freddie Mitchell
• Email : frederick.mitchell@hmtreasury.gov.uk

Recruitment team

• Email : hrrecruitment@hmtreasury.gov.uk

Further information

Complaints Process: Our recruitment process is underpinned by the principle of appointment based on fair and open competition and appointment on merit, as outlined in the Civil Service Commissioners’ Recruitment Principles. If you feel your application has not been treated in accordance with these principles and you wish to make a complaint, you should in the first instance contact HMT by email at: hrrecruitment@hmtreasury.gov.uk. If you are not satisfied with the response you receive, you can contact the Civil Service Commission, which regulates all Civil Service recruitment.