But is that actually a meaningful difference in policy terms?
It depends on the baseline (starting) risk & the infection rate in the community. Let's illustrate.
Actual risk will depend on the situation: probably higher if you spend 3 hours dancing with the person in a sweaty club, but lower if sat at an outside cafe table.
Let’s stick with 10% for now.
2m halves the risk again to 0.9% a much smaller reduction in absolute risk of about 1 in 100.
So for a random contact, the baseline risk goes down from 10% to 0.006% (6 in 100k).
1m reduces it to about 0.001% (1 in 100k)
2m reduces the risk to 0.0005%, a marginal effect of just 1 in 200k.
Given new cases from P1 & P2 tests have continued to fall, the rate (& the risk reduction from 2m) will be lower by now and, on current trends, lower again when pubs open on 4 July.
(someone might want to check my decimal places: hard to avoid typos when numbers are this small !)
On the other hand, in contexts where the baseline risk is already low (passing someone in a shop, sitting outside, playing cricket), the reduction in risk will be much lower.