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
The role provides an opportunity to work on some of the most important long-term macroeconomic issues facing the UK to influence better policy outcomes for households and businesses. The post-holder will contribute to work across the branch and HMT’s analytical community, ensuring evidence influences policymaking.
Exact responsibilities will vary according to policy and economic priorities, but the post-holder can expect to manage, deliver and communicate economic analysis to support policy development, while building expertise in macroeconomic modelling, with training and support provided.
Core Responsibilities In The Role Include:
- Lead analytical projects on longer-term and structural issues facing the UK economy, responding to economic and policy priorities through managing and delivering impactful analysis and advice.
- Lead on application and development of HM Treasury’s overlapping generations model (UK OLG) across a range of policy issues. UK OLG is a recent addition to the team’s modelling toolkit, and is used for the analysis of the impact of shocks, trends and policies on the UK macroeconomy in the long term. It provides a framework for general equilibrium analysis which reflects the way households change their behaviour over their lifecycle. The post-holder is likely to also have opportunities to work across the branch’s suite of macroeconomic models, including Computable General Equilibrium (CGE) modelling.
- Build expertise on climate macroeconomics through conducting qualitative and quantitative analysis. While the post-holder can expect to work flexibly, applying their analytical skills across a range of structural issues facing the UK economy, climate is likely to remain an ongoing focus of the branch’s work.
- Communicate economic analysis effectively across the department and government, including contributing to presentations and written advice for senior leaders.
- Build and maintain collaborative relationships across the department, government and externally. Work closely with analytical and policy colleagues in the department to ensure analysis influences policy development, and work across government and with external stakeholders to deliver HMT’s strategic priorities.
- Support Economics Group’s corporate agenda, promoting the Group’s wider objectives and making it an excellent place to work.
A postgraduate degree in economics or experience in applying econometric analysis and quantitative modelling, would be advantageous.
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.
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Friday 14th August 2026 @ 12:00 - 13:00 Join the meeting here
If you would like to speak to the hiring manager informally prior to the closing date, please contact Danielle Monnier (danielle.monnier@hmtreasury.gov.uk).
Visa sponsorship is not available for this role.
Person Specification
Application Stage
Required Qualifications
- A degree in economics (or equivalent analytical qualification).
In your application form, you will 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 will not be scored. It is 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
- Technical Skills: Ability to apply economic theory and use economic models to synthesise evidence to deliver high quality analysis. (GES technical skill: application of knowledge)
- Communicating and Influencing: Communicate evidence and analysis clearly and concisely, including distilling key messages and uncertainties from technical work.
- Working Together: Establish effective relationships with people who have different roles and perspectives to deliver on shared objectives.
- Delivering at Pace: Work independently to manage competing deadlines and objectives and deliver timely and high-quality analysis.
The lead criterion is: Technical Skills.
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.
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: Ability to apply economic theory and use economic models to synthesise evidence to deliver high quality economic analysis. (GES technical skill: application of knowledge)
- Behaviours:
- Communicating and Influencing
- Delivering at Pace
- Working Together
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
- A degree in economics (or equivalent analytical qualification).
Behaviours
We'll assess you against these behaviours during the selection process:
- Communicating and Influencing
- Working Together
- Delivering at Pace
Technical Skills
We'll assess you against these technical skills during the selection process:
- Ability to apply economic theory and use economic models to synthesise evidence to deliver high quality economic analysis. (GES technical skill: application of knowledge)
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Benefits
Alongside your salary of £44,600, HM Treasury contributes £12,920 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, 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: Sunday 23rd August 2026
- Shortlisting: w/c 24th August 2026
- Interviews: w/c 31st August and/or 7th 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
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