Livermore, a special adviser to chief secretary to the Treasury Paul Boateng, has been handed the more senior role, which he had been covering on an interim basis since 2002 when the then special adviser to the Chancellor, Edward Miliband, left on a sabbatical to Harvard University.
Livermore’s promotion comes hot on the heels of the announcement that Miliband is to return to the Treasury in a non-special adviser role as chair of the Council of Economic Advisers.
Labour Party policy adviser Jonathan Ashworth has been recruited by the Treasury to take over from Livermore.
The Chancellor’s chief economic adviser, Ed Balls, is reported to be leaving this spring to stand for Parliament. His departure has been denied by a Treasury spokesman.
Both Boateng and Miliband will be available to give advice across the department.