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Policy Adviser - Fiscal Strategy
HM Treasury
London
Hybrid
GBP 41,000 - 55,000
Full time
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Job summary
An established industry player is seeking a Policy Adviser to contribute to sustainable public finances and economic growth. This role offers the chance to influence decision-making at the heart of government, working collaboratively across teams to align tax and spending policies with the fiscal strategy. Ideal candidates will possess excellent communication skills and thrive in a fast-paced environment, ensuring that complex ideas are conveyed clearly. This position promises a rewarding career path within a diverse and inclusive team, dedicated to making a positive impact on the UK economy.
Benefits
Qualifications
- Ability to communicate with a range of audiences clearly and concisely.
- Ability to prioritise effectively to deliver high-quality work.
Responsibilities
- Lead on advice regarding the medium-term fiscal strategy.
- Communicate fiscal policy to a range of different audiences.
Skills
Job description
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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 pioneering new cross-government 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!
Job Description
About the Group
Fiscal Group
Fiscal Group works on a wide-ranging and exciting set of issues which are at the heart of the Treasury’s objectives. We are responsible for ensuring the sustainability of the government’s finances - over both the medium and long term - to support economic stability and growth. This means making sure that the government has enough revenue to meet its spending commitments. Work in this area includes advising the Chancellor on the appropriate levels of borrowing and debt, overseeing financing raised for the government by the Debt Management Office and National Savings & Investments, and managing the daily flow of cash across the public sector.
About The Team
Fiscal Statistics and Policy (FSP) is a team of analysts and policy professionals, that plays a key role at the centre of the Treasury’s policymaking! We closely monitor the public finances, jointly producing the monthly Public Sector Finances (PSF) statistical release with the Office for National Statistics (ONS). The team produces risk, forecasting and scenario analysis on the fiscal position, identifying issues and providing analysis on the Office for Budget Responsibility’s (OBR) forecasts as necessary.
We provide advice to the Chancellor on the fiscal framework and, work very closely with other Treasury central fiscal teams, on the fiscal policy judgement at each fiscal event. The team has a key representational role on UK fiscal policy, promoting and defending it to external stakeholders including the International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD) and Credit Rating Agencies. FSP is also the departmental sponsor of the relationship with the OBR acting both as its primary customer and relationship manager, and also fulfilling governance roles including managing appointments to the Budget Responsibility Committee. We are a friendly team who are proud of our diversity.
About The Job
This is an exciting role at the centre of delivering the Treasury’s objectives for sustainable public finances and economic growth! The Fiscal Strategy branch of FSP provide advice to the Chancellor on the level of government borrowing and debt over the medium term and the government’s fiscal framework, including its fiscal rules. We collaborate with tax and spending teams to ensure that new policies are developed in line with the fiscal strategy. This is a high-profile area with lots of ministerial interest and exposure to senior officials.
The postholder will be responsible for supporting the development of the government’s fiscal strategy and effectively communicating it to a range of audiences. The role would suit an individual who thrives when working with others and can use their excellent verbal and written communication skills to clearly explain often complex ideas. We work in an often fast-paced environment, so the postholder will need to be able to effectively prioritise.
Experience in economics, analysis or prior knowledge of the public finances is not required. We are seeking someone who is keen to learn! You will work with a friendly team of policy advisers and analysts to ensure our advice is informed by the best possible evidence.
The Branch Work Flexibly Across a Range Of Priorities And Exact Responsibilities Can Be Adapted To Suit The Interests And Development Areas Of The Post-holder. Key Duties Will Include:
- Lead on advice on the medium-term fiscal strategy. The postholder will collaborate with teams across the Treasury to provide advice which balances economic, fiscal and policy considerations and will help to ensure the development of tax and spending policy is in line with the government’s overall fiscal strategy. This includes responsibility for running the Fiscal Strategy Group, a cross-Treasury forum for fiscal discussion and decision-making on key areas including overall approach to fiscal strategy and the balance between borrowing, tax and spend.
- Lead on advice regarding the fiscal rules. Responsibilities include providing advice to Ministers on rule design and ensuring delivery of the fiscal framework approved by Parliament.
- Deliver key elements of fiscal events. Specific responsibilities will vary to suit the interests and development needs of the postholder. Previous post-holders have written a published chapter of the Budget document, written internal briefing for Ministers, identified and presented mitigation for presentational risks, and reviewed the Chancellor’s speech for clarity and accuracy.
- Communicate fiscal policy to a range of different audiences. The postholder will independently draft a range of high-quality products, such as press briefings, speeches, letters, and reports. There will also be opportunities to orally brief Ministers, deliver presentations and support parliamentary debates.
- Lead on external stakeholder monitoring and engagement. To support effective policymaking, the postholder will build an understanding of the varying perspectives on fiscal policy and provide insights for senior officials and Ministers. This could include attending events, summarising academic developments, and planning meetings for senior officials. This will also include monitoring international developments, and working closely with International Group to understand live fiscal policies debates in other countries.
- Contribute to ensuring FSP and the wider Fiscal Group is an inclusive place to work. This could include contributing to corporate objectives such as on staff wellbeing and diversity and inclusion.
The Branch Work Flexibly Across a Range Of Priorities And Exact Responsibilities Can Be Adapted To Suit The Interests And Development Areas Of The Post-holder. Key Duties Will Include:
- Lead on advice on the medium-term fiscal strategy. The postholder will collaborate with teams across the Treasury to provide advice which balances economic, fiscal and policy considerations and will help to ensure the development of tax and spending policy is in line with the government’s overall fiscal strategy. This includes responsibility for running the Fiscal Strategy Group, a cross-Treasury forum for fiscal discussion and decision-making on key areas including overall approach to fiscal strategy and the balance between borrowing, tax and spend.
- Lead on advice regarding the fiscal rules. Responsibilities include providing advice to Ministers on rule design and ensuring delivery of the fiscal framework approved by Parliament.
- Deliver key elements of fiscal events. Specific responsibilities will vary to suit the interests and development needs of the postholder. Previous post-holders have written a published chapter of the Budget document, written internal briefing for Ministers, identified and presented mitigation for presentational risks, and reviewed the Chancellor’s speech for clarity and accuracy.
- Communicate fiscal policy to a range of different audiences. The postholder will independently draft a range of high-quality products, such as press briefings, speeches, letters, and reports. There will also be opportunities to orally brief Ministers, deliver presentations and support parliamentary debates.
- Lead on external stakeholder monitoring and engagement. To support effective policymaking, the postholder will build an understanding of the varying perspectives on fiscal policy and provide insights for senior officials and Ministers. This could include attending events, summarising academic developments, and planning meetings for senior officials. This will also include monitoring international developments, and working closely with International Group to understand live fiscal policies debates in other countries.
- Contribute to ensuring FSP and the wider Fiscal Group is an inclusive place to work. This could include contributing to corporate objectives such as on staff wellbeing and diversity and inclusion.
Person specification
We are looking for the below skills, experience and behaviours and we will ask you to demonstrate these in your application form. Please review the Candidate FAQ document that is attached to the advert for guidance on how to complete your application form.
- Communicating and influencing – Ability to communicate with a range of audiences, including conveying technical information to non-specialists in a clear and concise manner.
- Delivering at pace – Ability to prioritise effectively to deliver high quality work to deadline, while progressing longer term priorities.
- Making effective decisions – Ability to use a range of evidence to assess options and provide recommendations.
If we receive large volumes of applications, we will conduct an initial sift on the lead criterion only.
Candidate Guidance Support Session – Microsoft Teams
We will be running an overview of Success Profiles and the STAR approach including top tips for the application and interview process and an opportunity to ask general questions around our recruitment practices. Please note that this session is not role specific, so we will be unable to answer specific questions about roles we are advertising. If you would like to join us, please use the link below to join the call at the right time.
Thursday 1st May 2025 12:30-13:15 Join the meeting now
Behaviours
We'll assess you against these behaviours during the selection process:
- Communicating and Influencing
- Delivering at Pace
- Making Effective Decisions
- Working Together
- Communicating and Influencing
- Delivering at Pace
- Making Effective Decisions
- 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)
- Flexible working patterns (part-time, job-share, condensed hours)
- Generous parental and adoption leave package.
- A Civil Service Pension which provides an attractive pension, benefits for dependants and average employer contributions of 28%
- Onsite restaurant and coffee bar. The London office also offers a gym, showers and prayer room
- Access to a cycle-to-work salary sacrifice scheme, season ticket advances and payroll giving
- Access to a retail discounts and cashback site
- A Rental Deposit Advance Scheme to help meet the total costs of deposits for privately rented homes
- A range of active staff networks, based around interests and diversity
HM Treasury views flexible working as essential in enabling us to recruit and retain talented people, ensuring that they can enjoy a long-lasting career with us. All employees have the right to apply for flexible working and there are a range of options available including; part-time, compressed hours and job sharing. Additionally, we operate flexitime systems, allowing employees the flexibility to adjust their working patterns throughout the week which is subject to operational needs and line management approval.
At HM Treasury we have an incredibly broad remit; our work touches every citizen of the country. So, it’s important our employees come from the widest possible range of backgrounds, bringing us the widest possible range of perspectives and ways of thinking. We are committed to ensuring that all staff can realise their potential and achieve a healthy work-life balance.
HM Treasury operates an office based working approach across all Treasury sites - Darlington, London, and Norwich, 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. This blended working approach allows you to work collaboratively, meet stakeholders face to face, support others and promotes a healthy work life balance (please be aware that this role can only be worked in the UK and not overseas). Some roles will not be suitable for Hybrid Working. Similarly, Hybrid Working will not suit everyone’s circumstances. Arrangements will be discussed and agreed with the successful candidate(s) and subject to regular review. All our offices have been recently modernised and designed to collaborate and connect with colleagues as well as desk and quiet space to allow a range of ways to work.
The office working expectation is linked to the location of the role. If you apply to a post in a single location, then you will not be able to meet this expectation at any of our other sites or move your role to another location.
Selection process details
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths and Experience.
Recruitment Timeline
- Closing date: 14th May 2025
- Shortlisting: From 15th May 2025
- Interviews: W/C 26th May 2025
If your contact details change at any time during the selection process, please ensure you update your Civil Service Jobs Profile.
Please note that only applications submitted through Civil Service Jobs will be accepted.
Reserve Lists
You will be placed on a reserve list if your application is successful, but we cannot offer you a post immediately. Where more than one location has been advertised, candidates will be approached for roles in merit order according to the first preferred location stated on your application form.
Please note that a place on the reserve list does not guarantee an offer. We would still encourage you to apply for other HM Treasury opportunities that you are interested in. If you are offered a role in your first preferred location and you decline the offer or you 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.
Eligibility Statement
A candidate is not eligible to apply for a role in the Civil Service if the application is made within a 5 year period following a dismissal for carrying out internal fraud against government. Checks will be performed as part of pre-employment checks in line with this. Please refer to the Candidate FAQ document attached to the advert for more information.
Everyone working with government assets must complete Baseline Personnel Security Standard (BPSS) checks. Additionally, individuals appointed to the Treasury group will be subject to National Security Vetting. The level of security vetting required for this role is Security Check (SC)
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. In exceptional 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.
Please read the Vetting Charter for information on what to expect during the vetting process and what will be expected from you. Many areas of your life may be explored during your vetting journey, and it is important that every individual, regardless of their background and experiences, should feel comfortable going through this personal process, whilst having confidence that it is fair, proportionate, and inclusive.
These short videos address common concerns and preconceptions which applicants may have about national security vetting. If you have questions relating to security clearances, please contact HMTSecurityVetting@hmtreasury.gov.uk
Feedback will only be provided if you attend an interview or assessment.
This vacancy is using Success Profiles (opens in a new window), and will assess your Behaviours, Strengths and Experience.
Security
Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).See our vetting charter (opens in a new window).
People working with government assets must complete baseline personnel security standard (opens in new window) checks.
Successful candidates must undergo a criminal record check.
Successful candidates must meet the security requirements before they can be appointed. The level of security needed is security check (opens in a new window).See our vetting charter (opens in a new window).
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) (opens in a new window)
- 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
Working for the Civil Service
The Civil Service Code (opens in a new window) 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 (opens in a new window).
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.
The Civil Service Code (opens in a new window) 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 (opens in a new window).
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 (opens in a new window) and the Civil Service Diversity and Inclusion Strategy (opens in a new window).
This vacancy is part of the Great Place to Work for Veterans (opens in a new window) 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 : Lara Ferguson
- Email : lara.ferguson@hmtreasury.gov.uk
- Email : hrrecruitment@hmtreasury.gov.uk
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.
- Seniority levelEntry level
- Employment typeFull-time
- Job functionOther
- IndustriesPublic Policy Offices
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