David B. Smith studied at Trinity College, Cambridge and the University of Essex. During his subsequent career, he has been employed at the Bank of England, the Royal Bank of Scotland, National Westminster Bank, Cambridge Econometrics, London Business School and the London stockbrokers Williams de Broë plc, where he worked as Chief Economist from 1982 to 2006. David is currently a Visiting Professor in Business and Economic Forecasting at the University of Derby, Chairman of the SMPC, and an occasional lecturer at the Cardiff University Business School. He is perhaps best known for his macroeconomic model of the international and UK economies, which is now maintained at his consultancy Beacon Economic Forecasting, and has existed since the early 1980s. This topped the Sunday Times league table of forecasting accuracy for 2006 and came in a respectable fourth (equals) in 2007.