The Business and International (BIT) Group provides strategic oversight of business, environmental, transport, property, VAT, excise taxes and customs duties that together raise revenue of over £400 billion a year. The Group works closely with other government departments and is outward facing towards key stakeholders, including business, industry, interest groups and international counterparts. There are opportunities to be part of this engagement at all levels.

The work of the Group is vital to funding essential public services, while working with other Treasury Groups to support the Government’s wider agenda – including supporting business investment and economic growth; developing and negotiating new customs arrangements following the UK’s departure from the EU; levelling up opportunities across all parts of the United Kingdom; and delivering “Net Zero” carbon emissions by 2050.

The Economics Group leads HM Treasury’s analysis of developments in the UK economy and advises ministers on their implications for the Government’s economic strategy. The Group collaborates with the Bank of England, the Office of Budget Responsibility and leading academics, while supporting economic and social research professionals across government departments.

The Enterprise and Growth Unit (EGU) promotes sustainable economic growth and higher productivity for the UK. We provide analysis and advice on enterprise, innovation, private sector investment and a cost-effective transition to a low-carbon economy. The Enterprise and Growth Unit has a varied and exciting agenda, working closely with a wide variety of other teams across the Treasury. We also collaborate with other departments and government organisations to bring different expertise and perspectives together, ensuring we think creatively, spend wisely and act boldly to deliver these goals.

The Financial Services Group helps shape government decisions on how to promote a stable and efficient financial services sector, deliver excellent outcomes for consumers and business, enhance the UK’s position as a global hub for financial services and support economic growth across the country.

The financial services sector is important to the UK economy – providing significant numbers of jobs and making a large contribution to the UK’s economic output.

We ensure that financial services businesses such as banks, investment firms, financial advisers and insurers are well-regulated. Ensuring that customers are treated fairly, have access to a wide range of financial services through healthy market competition, and are protected when things go wrong.

We work on a significant international agenda which includes promoting openness and trading links between the UK and countries all around the world, including through Free Trade Agreements and other international dialogues and negotiations.

Working with stakeholders is key in Financial Services – for example, we work closely with independent regulators to help them fulfil their roles, consult consumer groups on issues affecting them, and work with the sector on wider issues like the net-zero agenda.

The Financial Stability Group advises the government on ensuring the stability of the UK financial system and through that the stability of the UK economy. We monitor new and existing risks to the financial stability of the UK and the global financial system, taking action to mitigate them and help safeguard the people, businesses and communities that rely on a stable economy.

We intervene directly to manage public support for the financial services sector – including stewardship of (and exit from) the government’s interests in NatWest Bank.
We’re also responsible for ensuring that the financial authorities have the appropriate legal powers and resources to deal with future failures in the financial sector, as well as planning for future stability events.

The Group works with the Bank of England, the Prudential Regulation Authority, the Financial Conduct Authority, intelligence agencies and international partners to develop and maintain systems to monitor, assess and respond to financial stability risks.

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, as well as overseeing financing raised for the government by the Debt Management Office and National Savings & Investments. We also have a particularly wide and deep range of relationships beyond the Treasury, including the Office of Budget Responsibility, the Bank of England and the Office for National Statistics.

The International Group advises ministers on promoting and protecting the UK’s international economic interests, to ensure the UK thrives in an ever-changing global economy. We do this through our policy and operational work across a wide range of areas, including free trade agreements, climate change, countering illicit finance, financial sanctions to supporting developing countries and managing our relationship with Europe, US, and emerging markets.

We support the Chancellor and senior officials in building relationships with external and international partners and represent the UK in a range of international organisations, such as the G7, the G20, the International Monetary Fund and Multilateral Development Banks. We also analyse what is happening in the world economy and control spending on international development, helping ensure the UK’s decisions create lasting impact at home and abroad.

Although international travel is an important part of some roles, it is not required for every role in the group and will be specified if required.

We work to create a tax and welfare system which supports the government’s goals of deficit reduction, economic growth and fairness. In doing so, we look after high profile areas, including personal taxes, labour markets, welfare, tax administration, pensions, and savings. We also coordinate spending controls for both HM Revenue & Customs and the Department for Work and Pensions. The Group also assesses the impact of changes made to taxes and benefits on households across the UK.

Our work means that we are often at the centre of ministers’ decision making, and we play an important part in the budget and the spending review. Our Group works closely with colleagues at HMRC, DWP, the Prime Minister’s office and with a wide variety of external stakeholders.

The Public Services Group is at the heart of the Treasury’s work to secure strong and sustainable public finances. We manage public spending of more than £250 billion across key public services and departments, including health, education, the police, the criminal justice system, local government, housing, defence and the devolved administrations in Scotland, Wales and Northern Ireland.

We do this by working with other government departments, ministers, and Treasury teams to ensure that spending plans support high-quality public services and provide value for money for the taxpayer.

Our roles offer the opportunity to work with senior leaders in other government departments, as well as helping to ensure the effective delivery of public services that so many people rely on.

The Public Spending Group has a high-profile role, setting the Government’s overall spending plans and ensuring they deliver value for money for the taxpayer. We’re responsible for reporting to Parliament and the public on how taxpayers’ money is spent. We drive better decision-making through evaluation, data and analysis.

We advise on overall government policy on public sector pay and pensions, the biggest single driver of public spending. We collaborate with and directly support departments to deliver the Government

Finance Function strategy, building finance capability across government and providing the insight and evidence needed to make better decisions for the people of the UK.

Strategy, Planning and Budget operate at the heart of the Treasury to develop the Department’s overall strategy, work programme and business plan, helping to deliver that strategy with a large, flexible project team who work on ministerial priorities across the whole range of the department’s policy responsibilities. We also co-ordinate the Chancellor’s annual Budget, the Finance Bill, and the Treasury’s tax strategy.