Senior Policy Advisor – Economic Regulation
| Posting date: | 19 December 2024 |
|---|---|
| Salary: | £55,836 to £66,338 per year |
| Additional salary information: | London: £55,836-£66,338 National: £55,836-£62,823 |
| Hours: | Full time |
| Closing date: | 12 January 2025 |
| Location: | Darlington |
| Company: | Government Recruitment Service |
| Job type: | Permanent |
| Job reference: | 383583/4 |
Summary
- Reform the stock of existing regulations to minimise bureaucracy and modernise regulation on the statute book
- Ensure the pipeline of regulation is necessary and proportionate, enabling analysis and scrutiny of new regulatory proposals from government departments, via the Better Regulation Framework.
- Ensure independent regulators deliver the right outcomes, with DBT driving a coordinated approach across government.
- Improve economic regulation by ensuring it supports growth and investment, promotes competition, works for consumers, and enables innovation.
When delivered effectively, regulation and the work of regulators plays a vital role in protecting consumers, the environment and setting the right frameworks for businesses to thrive. By enabling better regulation, we will ensure we maintain our high standards but can flex and adapt to the new technologies and challenges that the next few decades will inevitably bring.
Economic regulation is a particularly important subset of all regulation, where regulators use price and competition tools to support/simulate well-functioning markets and incentivise the right outcomes. This type of regulation seeks to address market failures that arise in parts of the value chain, such as natural monopoly. Examples include the regulation of energy, water and telecoms.
Within the Regulation Directorate, the Economic Regulation team supports cross-cutting and strategic conversations across government on issues relating to economic regulation. We are a multidisciplinary team, with analytical and policy arms that work closely together to deliver robust and evidence-based insights. A particular focus of our work is on ensuring that economic regulation delivers the investment in infrastructure that is needed for the UK economy – to support the growth mission.
The Senior Policy Advisor – Economic Regulation role will lead policy work on the team’s cross-cutting agenda, including on the effectiveness of the overall framework and principles for economic regulation. The Senior Policy Advisor will be responsible for leading engaging with sponsoring departments and regulators, to identify the strengths and weaknesses of the existing frameworks and stay apace with the latest developments. The successful candidate will be responsible for drafting policy papers and briefings on all key aspects of the UK’s economic regulation framework, and be expected to build strong and collaborative relationships with HMT, CO and regulator sponsoring departments.
The role will report directly to the Grade 6 Head of Economic Regulation Policy. There are excellent opportunities to contribute to wider team objectives and corporate activities, with full and varied support for personal development aspirations.
- Leading policy thinking and development on economic regulation, to ensure that DBT’s views inform cross-government strategic conversations on the government’s overall approach to economic regulation. You will lead policy input in ministerial submissions, briefing notes and thought leadership papers for discussion across government.
- Building and maintaining relationships – as Senior Policy advisor, you will be expected to develop strong relationships with sponsoring departments of economic regulators, including DSIT, DESNZ and DEFRA, as well as with colleagues in Cabinet Office and HMT.
- Lead DBT’s contribution to various cross-government networks on economic regulation, including the production of papers and thought leadership piece for discussing with departments.
- Supporting cross-cutting discussions within the Directorate, ensuring that economic regulation considerations feed into summary packs for Ministers and strategic papers for Cabinet Secretariat and HM Treasury.
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