The ONS numbers are as bad - in fact worse - that I had expected. This level of excess deaths in England & Wales since the coronavirus outbreak started is
27,015
Data is for registrations of deaths on average happening by April 13, when equivalent hospital number was 13,423
The ONS chart shows this is no flu and much more prevalent than the hospital death figures suggest.
My cautious estimate for the deaths to date will now have to rise later today.
The care home deaths are particlarly bad.
There were 7,316 registrations in week ending 17 April, compared with a normal number of about 2,400.
That is for one week
It really is time to look at excess all cause mortality and think about this for public policy - and not a partial number from hospitals which appears to be running at about half the true level.
I will update this with more analysis later
ENDS
I am sorry. In the first Tweet of this thread, I said the E&W equivalent on 13 April was 13,423 - that was not quite right.
That's what NHS England and Public Health Wales are saying now.
At the time the daily announced figure was 11,408
The comparisons are sadly worse
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As far as I can see, the Treasury has a strong fiscal hand to play this autumn (clearly, it doesn't like this being written, tho, because that just adds to requests from spending departments)
The point is that some of the requests for more money - education catch-up, health waiting lists, couts backlogs, rail subsidies while people WFH are temporary. These can be funded in 2022-23 and beyond credibly temporarily without undermining the UK's fiscal position
Then we have the OBR's coming review of Covid economic scarring - this is potentially a game changer for the medium-term fiscal outlook.
No, it shouldn't be done behind closed doors at the OBR, and no, we don't really have any idea what the right number is, but...
1) It's terribly fashionable in central banking to be seen to be green. This is a red flag for me because this isn't the role of central banks
2) Hauser at no stage attempts to quantify the effect of BoE bond buying on the environment. Let's be clear, he would if he could. So, it's irrelevant to the issue
3) The BoE has resorted to the use of rubbish infographics - it always does this when it's got nothing to say
BoE upgraded forecasts disguise a much more gloomy assessment for economy - the central bank revised down the growth forecast for future quarters, only increasing the assessment of the past ft.com/content/1e328f… via @financialtimes
@FinancialTimes Safe to say this was not the impression given by governor Andrew Bailey last week or the message received by him, but these are the forecast changes
They lend weight to Andy Haldane's argument that growth might well be stronger
@FinancialTimes Certainly, spending growth has not been slowing down because growth was better than feared in the third lockdown