Layton was born in London on 15 March 1884, and died there on 14 February 1966. He grew up in household full of music; his mother was a talented organist, and Layton himself was a chorister who sang at St George's Chapel, Windsor on the occasion of Queen Victoria's Diamond Jubilee. He was educated at the King's School, London and Westminster City School, and then University College, London, taking third-class honours in history (1903). He then went to Trinity College, Cambridge, where he took first-class honours in Part II of the economics tripos in 1907. In 1908 Layton, along with his contemporary John Maynard keynes, was appointed university lecturer in economics at Cambridge. In 1909 he was elected a fellow of Gonville and Caius College, and was also appointed Newmarch Lecturer at University College, London. He married Dorothea Osmaston in 1910, and they had seven children.
From The Biographical Dictionary of British Economists in Oxford Reference.