HM Treasury
Assistant Economist
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This post can be based in London (1 Horse Guards Road) or Darlington (Feethams House).
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
HM Treasury governs the framework within which the independent monetary policy committee at the Bank of England sets monetary policy. This includes setting the committee’s objectives and updating its remit.
This post offers an excellent opportunity for high-performing candidates looking to work on one of the key macroeconomic policy issues for HM Treasury! It offers candidates an exciting mix of policy and analytical work, including managing one of the Treasury’s most important institutional relationships. It is important that the post-holder has an interest in macroeconomic issues and is enthusiastic.
Key Responsibilities Include:
- Building and maintaining effective knowledge of monetary policy issues, and using this to lead the Treasury’s policy thinking on the UK’s monetary framework.
- Supporting the relationship between the Treasury and Bank of England, including by leading on briefing for the Permanent Secretary and Chancellor’s discussions with the Governor of the Bank of England.
- Leading on the Monetary Policy Committee remit, advising ministers and updating it annually according to legislation.
- Leading policy and economic analysis and advice on quantitative easing and quantitative tightening.
- Supporting the Chief Economist in the appointment of external members to the MPC, including working closely with the Permanent Secretary’s office.
- Delivering timely and high-quality input into responses to ministerial correspondence and parliamentary questions relating to monetary policy issues.
- Some of these responsibilities could be adapted as the branch/team changes.
Candidate Drop-In Session
The hiring manager will be running a candidate drop-in session 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.
Wednesday 15th July 2026 @ 12:30 – 13:30 Join the meeting here
If you would like to speak to the hiring manager informally prior to the closing date, please contact Polly Sculpher on polly.sculpher@hmtreasury.gov.uk.
Visa sponsorship is not available for this role.
HM Treasury governs the framework within which the independent monetary policy committee at the Bank of England sets monetary policy. This includes setting the committee’s objectives and updating its remit.
This post offers an excellent opportunity for high-performing candidates looking to work on one of the key macroeconomic policy issues for HM Treasury! It offers candidates an exciting mix of policy and analytical work, including managing one of the Treasury’s most important institutional relationships. It is important that the post-holder has an interest in macroeconomic issues and is enthusiastic.
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Key Responsibilities Include:
- Building and maintaining effective knowledge of monetary policy issues, and using this to lead the Treasury’s policy thinking on the UK’s monetary framework.
- Supporting the relationship between the Treasury and Bank of England, including by leading on briefing for the Permanent Secretary and Chancellor’s discussions with the Governor of the Bank of England.
- Leading on the Monetary Policy Committee remit, advising ministers and updating it annually according to legislation.
- Leading policy and economic analysis and advice on quantitative easing and quantitative tightening.
- Supporting the Chief Economist in the appointment of external members to the MPC, including working closely with the Permanent Secretary’s office.
- Delivering timely and high-quality input into responses to ministerial correspondence and parliamentary questions relating to monetary policy issues.
- Some of these responsibilities could be adapted as the branch/team changes.
Candidate Drop-In Session
The hiring manager will be running a candidate drop-in session 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.
Wednesday 15th July 2026 @ 12:30 – 13:30 Join the meeting here
If you would like to speak to the hiring manager informally prior to the closing date, please contact Polly Sculpher on polly.sculpher@hmtreasury.gov.uk.
Visa sponsorship is not available for this role.
Person specification
Application Stage
Required Qualifications
- Economics qualification to at least an undergraduate level or equivalent OR, currently studying towards an economics apprenticeship.
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 demonstrating evidence of each of the below shortlisting criteria. 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 below for interview. Please keep this in mind when writing your application.
Please note that only applications submitted through Civil Service Jobs will be accepted.
Shortlisting criteria
- Communicating and Influencing: Experience of communicating economic issues to a range of audiences
- Delivering at Pace: Experience of working independently in a fast-paced environment, to successfully progress short-term and long-term priorities at the same time
- Making Effective Decisions: Ability to use evidence and knowledge to support policy advice
If we receive a high volume of applications, we’ll first sift using the lead criterion only. Those meeting the minimum score will then be assessed against all remaining criteria.
The lead criterion is: Communicating and Influencing.
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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: Understanding and communicating economic issues
- Strengths
- Behaviours:
- Communicating and Influencing
- Delivering at Pace
- Making Effective Decisions
Interview Task / Presentation
Prior to your interview, we will contact you about a task / presentation that the panel would like you to deliver as part of the assessment. Further details will be communicated to you nearer the time.
Qualifications
- Economics qualification to at least an undergraduate level or equivalent OR, currently studying towards an economics apprenticeship.
Behaviours
We'll assess you against these behaviours during the selection process:
- Communicating and Influencing
- Delivering at Pace
- Making Effective Decisions
Technical skills
We'll assess you against these technical skills during the selection process:
- Understanding and communicating economic issues.
Salary and Benefits
Alongside your salary of £34,820, HM Treasury contributes £10,087 towards you being a member of the Civil Service Defined Benefit Pension scheme. Find out what benefits a Civil Service Pension provides (opens in a new window).
- 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.
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 (opens in a new window) for more information on appropriate and inappropriate use.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths, 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: Wednesday 22nd July 2026
- Shortlisting: From 23rd July 2026
- Interviews: w/c 3rd August 2026
This timeline is indicative and may be subject to change. We will inform you if there is a substantial
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