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HM Treasury (HMT)
Locations: London (1 Horse Guards Road, SW1A 2HQ), Darlington (Feethams House, Darlington, DL1 5QE)
Salary: £31,500
Number of positions available: TBC
About HM Treasury
HM Treasury is the government’s economic and finance ministry. We influence every policy across government; our work makes headlines on a daily basis and shapes our nation’s future.
If you’re interested in making a difference to people’s lives across the country, the Treasury is the department for you! We sit at the centre of everything that the Government does and have provided advice on economic policy and decisions that affect the public finances throughout the country’s history. A Treasury career continues to offer an exciting opportunity to be part of the decision making that affects the whole of the UK.
Working at the heart of government, we collaborate with other departments to ensure public money is spent well and to drive strong and sustainable economic growth. Our work ranges from protecting customers through to the regulation of the financial sector, helping to reduce carbon emissions and creating a greener economy, supporting people across the country through the COVID 19 furlough scheme and Plan for Jobs as well as helping first time buyers buy their first home.
We look for people from all kinds of backgrounds, with all kinds of transferable skills. After all, if we’re to serve the needs of every community, we need people who best reflect and understand them.
HM Treasury is proud of a diverse and inclusive work environment, committed to fairness and the promotion of equality of opportunity for all. We’re proud to be a Disability Confident Leader. We know that having a range of experiences, ways of working and thinking makes us a stronger organisation, better at developing policy that is reflective of the communities we serve. We embrace different views and experiences and value the fresh perspective that people from a variety of circumstances bring to the work we do.
We are part of the Darlington Economic Campus, a pioneering cross-government policy making hub which brings people together to play an active role in the most important issues of the day whilst working closer to the communities we serve. The campus provides the opportunity for people from all over the UK to help shape the future of the country, and our flexible working practices ensure you can collaborate effectively with our partners. It’s central government, made more accessible to you!
HM Treasury operates an office based working approach across all Treasury sites, and along with the rest of the Civil Service, has an expectation of a minimum of 60% attendance in the office, along with working remotely.
HMT’s specific priorities are:
- ensuring sustainable public finances and rebalancing the economy
- spending taxpayers’ money responsibly and ensuring value for money
- creating a simpler, fairer tax system – alongside a well-functioning welfare system
- creating stronger and safer banks
- making corporate taxes more competitive
- making it easier for people to access and use financial services
- improving regulation of the financial sector to protect customers and the economy
- supporting jobs, households, and businesses through and beyond the pandemic
Overview of work areas
The work of an Assistant Economist is varied and can include applying economic theory to policy issues, using data and research to inform policy decisions, understanding the drivers of economic trends, developing economic models, communicating analysis, and building relationships with policy teams.
Some recent examples of Assistant Economist work are:
- Analysing the economic impact of the government’s support for individuals and businesses through Covid-19 related support schemes
- Analysing how government policies are likely to affect different groups in the UK population, for example those on lower incomes
- Producing and communicating analysis on the UK’s fiscal position, including overall spending, income, and the national debt
- Producing and communicating analysis on risks to the stability of the UK financial system
- Contributing to HMT’s analysis of and regular reporting on the global economy
HM Treasury’s Economist community
There is a thriving community of over 400 analysts at HM Treasury which organises regular learning and social events. Working at HM Treasury offers the opportunity to be at the centre of economic analysis and advice in the UK government. Our economists work closely across different disciplines, including policy and other analytical professions. Many of our roles have elements of economic policy as well as analysis.
Opportunities for Development
Assistant Economists who join HM Treasury will take part in our Graduate Development Programme, which offers structured training throughout your first three years. The programme consists of a mixture of structured and on-the-job learning with support from your line manager and wider Treasury colleagues. It’s designed to build your confidence and give you the knowledge, skills, and behaviours you need to be an expert professional Economist.
You’ll gain a foundation in the core skills for policy making in HM Treasury and the wider Civil Service, including economics, fiscal policy and working with Ministers. We’ll enable you to develop a range of skills from negotiating and influencing to creative problem-solving and communication. You will develop your economics and analytical skills through a combination of on-the-job learning, learning from other analysts across HMT and analytical training courses.
During your time on our three-year development programme, you’ll have two placements within the Department. You’ll spend 18 months in your first posting, establishing a detailed grounding in a particular area. At the end of this first posting, we’ll move you into a second 18-month posting. Depending upon the needs of the department and your development needs, you could further your knowledge in your first policy area or work in a different area to broaden your experience.
Additional requirements
Candidates will need to have spent at least 3 years out of the past 5 years living in the UK because of our security clearance requirements.
Security Clearance details.
SC clearance