Do you have the necessary skills and expertise to lead a team responsible for overarching policy in HM Treasury on government’s role as the insurer of last resort in the economy and managing the approval of major new contingent liabilities ? If so, we’d love to hear from you!
About the Team
The Balance Sheet Team leads work to improve analysis, policy, and risk management across trillions of pounds of assets and liabilities owned by government. It also leads on policy advice for new balance sheet interventions such as guarantees, loans and equity investments. This is an innovative area for fiscal policy and central to the Treasury’s role as a finance and economics ministry. We draw on a diverse network, including international institutions, colleagues across Treasury and departments, utilising expertise from across the public sector.
The team (composed of 13 people) is split into four branches: Frameworks, Capital Assets and Metrics; Financial Assets and Investments; Contingent and Implicit Liabilities and Balance Sheet Management
The importance of our work has been underlined by an increasing focus on the balance sheet in fiscal policy and the growing use of balance sheet interventions, such as during the Covid-19 pandemic and energy price shock. Over the past year, the team have led work to support the decision by the Chancellor to target a broader measure of debt in the fiscal rules, developed a new framework for managing financial in...