Senior Economist

3 weeks ago

London, United Kingdom Office for Budget Responsibility Full time

**Details**:
**Reference number**:

- 274087**Salary**:

- £54,000 - £67,300**Job grade**:

- Grade 7**Contract type**:

- Permanent**Type of role**:

- Economist**Working pattern**:

- Flexible working, Full-time, Part-time**Number of jobs available**:

- 2Contents

Location

About the job

**Benefits**:
Things you need to know

Location
- City of Westminster, London (region), SW1H 9AJAbout the job

**Job summary**:
**The Office for Budget Responsibility (OBR)** was established by the Chancellor in May 2010 to provide independent assessments of the economy, public finances, and fiscal sustainability. We provide independent forecasts of the economy and public finances to inform the Government's fiscal policy decisions, examine the impact of the Government's policy decisions on the public finances, and assess the prospects for achieving the Government's fiscal targets and welfare cap. We publish reports on long-term fiscal sustainability, fiscal risks, and trends in welfare spending, and run a wider work programme of research and analysis into economic and fiscal issues.

The OBR is comprised of the Budget Responsibility Committee (BRC) - Richard Hughes (Chair), Professor David Miles, and Andy King - who are currently supported by around 45 civil servants, including economists, public finance analysts, and business support staff. As we are a small organisation with a flat structure, all roles offer direct exposure to senior staff and the opportunities to manage relationships with stakeholders across government and to project manage work programmes. You would get the chance to work flexibly across a range of high-profile issues, responding to policy developments and other demands. At times, this would involve working with experts to analyse technical issues, such as changes to tax or spending policy. A role here also provides a great opportunity to develop your ability to communicate your insights concisely to non-experts - for instance, by authoring sections of published reports.

The OBR is committed to having a diverse workforce that brings together the best people across government. If you have any concerns, we are happy to discuss any potential obstacles you think you might face. This post is available on a full time, part time, or job share basis. Flexible working hours and remote working can be accommodated. We have a number of staff working flexible hours as well as managing childcare responsibilities and/or other commitments throughout the year, including our forecast events.

**Job description**:
We are recruiting** two senior economists **to work in our economy team. The team is responsible for producing the OBR’s economic forecast and associated analysis, and produces the economy chapter of the twice-yearly Economic and fiscal outlook. The team also contributes extensively to the OBR’s other key publications, including the Forecast evaluation report and Fiscal risks and sustainability report. In addition, the team is engaged across the OBR’s analytical and research agenda - for instance by producing working papers, working on model development, or undertaking an annual stocktake of the supply side of the economy.

The roles will involve a significant amount of a high-profile responsibility, contributing to the production of the economic forecast and engaging extensively with the OBR’s Budget Responsibility Committee. They therefore offer plenty of scope to independently produce high-profile, important analysis, collaborate with others in the team and across Government, and build and manage relationships with external stakeholders.

**The role in the economic analysis and modelling team involves**:

- Overseeing the economy chapter of the _EFO_, including writing relevant sections and overseeing contributions from other staff members,
- Taking a lead responsibility for the presentation of risk and uncertainty around our economy forecast in the economic and fiscal outlook. This might involve producing alternative scenarios, developing new modelling infrastructure, or producing analysis to inform key judgements.
- Line and work managing an assistant economist.

**The role in the economy forecasting team involves**:

- Leading on high profile areas of the economy forecast, by producing the forecast and presenting it to the Budget Responsibility Committee. For instance, past E roles in the team have involved leading on labour markets and potential output; or GDP and its composition.
- Helping shape the overall forecast narrative, by overseeing contributions from more junior staff members, and taking a leading role in office-wide and cross-cutting discussions on the economic outlook.
- Developing and refining necessary modelling infrastructure and forecast methodologies.

Like all roles in the economy team, both roles provide ample opportunity to:

- Undertake bespoke economic analysis to inform key forecast judgements and contribute to the economy team’s other outputs, such as our supply st

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