David B. Smith studied at Trinity College, Cambridge and the University of Essex. His subsequently career was mainly spent in the financial sector, commencing with the Bank of England, thereafter in clearing banks and securities houses. David B Smith is a Visiting Professor at the Derby Business School, has been a member of the SMPC since its inception in July 1997 and its Chairman since 2003. He maintains his own macroeconomic forecasting model at Beacon Economic Forecasting and has published numerous articles on monetary policy and the effects of public spending and taxes on economic performance, amongst other subjects. He has been a regular interviewee on radio and television since the early 1980s.