David Robert Walton (30 May 1963 – 21 June 2006) was a

British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories, and Crown Dependencies. ** Britishness, the British identity and common culture * British English, ...

economist An economist is a professional and practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...

, and a member of the Bank of England's

Monetary Policy Committee Monetary Policy Committee (MPC) may refer to: * Monetary Policy Committee (India) The Monetary Policy Committee is responsible for fixing the benchmark interest rate in India. The meetings of the Monetary Policy Committee are held at least fo ...

from July 2005 until his death in June 2006. Walton gained a BA in Economics and Politics with first class honours at Van Mildert College, Durham University in 1984. After graduating Walton took a position at

HM Treasury His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and ...

working as an economist. He held this position until 1986 when he left to pursue an MA in Economics at

University of Warwick , mottoeng = Mind moves matter , established = , type = Public research university , endowment = £7.0 million (2021) , budget = £698.2 million (2020� ...

, in which he gained a distinction. He joined the economics team at Goldman Sachs in 1987. In 2003 he was appointed as their Chief European Economist and as the Chairman of the Society of Business Economists. In 2005 became a Visiting Research Professor at the

University of Oxford , mottoeng = The Lord is my light , established = , endowment = £6.1 billion (including colleges) (2019) , budget = £2.145 billion (2019–20) , chancellor ...

's Economics Department, and joined the Bank of England's Monetary Policy Committee. David Walton died on 21 June 2006 after contracting

necrotising fasciitis Necrotizing fasciitis (NF), also known as flesh-eating disease, is a bacterial infection that results in the death of parts of the body's soft tissue. It is a severe disease of sudden onset that spreads rapidly. Symptoms usually include red or p ...

, possibly occurring from the

urinary tract The urinary system, also known as the urinary tract or renal system, consists of the kidneys, ureters, bladder, and the urethra. The purpose of the urinary system is to eliminate waste from the body, regulate blood volume and blood pressure, c ...

. In his final meeting, Walton was the only member preferring an increase in the interest rate, the other seven members voting to maintain the rate at 4.5%. Walton had also been the only member supporting such an increase in the previous month's meeting.

References

{{DEFAULTSORT:Walton, David 1963 births 2006 deaths British economists Alumni of Van Mildert College, Durham Alumni of the University of Warwick Infectious disease deaths in England Deaths from necrotizing fasciitis 20th-century English businesspeople