The @ONS is producing some terrific analysis regarding COVID-19. Today's release provides some maybe predictable, and some maybe surprising, findings regarding the recent spread. Let's start with deprivation. 1/7
We know that in the first wave, the virus took a greater toll on those from more deprived areas, both in terms of incidence and outcomes. But there's a very clear reverse now for incidence, with the most affluent areas driving the increase. 2/7
Digging a bit deeper, it's also clear that it is those under 35 and are more affluent for whom infectivity is rising quickest. For over 35's there's not much difference by deprivation. 3/7
The ONS then cuts it another way. We know that in total ethnic groups have seen a much faster increase in infectivity. But when we segment by age, we see that of late it's white <35s only that is rising steeply. The curve for <35s minorities is falling back. 4/7
This next one is less surprising. When analysing the number of contacts one has, (even when the respondent says they have been socially distancing), the more you have, the more the infection rate increases quickly. But this is only true for <35s. 5/7
Finally, those that travelled abroad recently are showing a much steeper rise in infectivity. There will no doubt be a correlation with affluence and age, but nevertheless, the link would appear clear. 6/7
Whilst there are many aspects of the state's response to the pandemic that can be questioned, the ONS continues to produce clear, relevant and timely information that is very insightful. Thanks to all at @ONS, not least @NickStripe_ONS. 7/7 ENDS
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A great thread on the state pension and National Insurance.
For me, the trailed abolition of NI and thus its replacement by general taxation in terms of funding state pension benefits will have a major generational redistribution of tax.
It’s been the case that (in aggregate) at any one time the working generation funds the SPs of the retired generation above it.
2/
If the abolition of NI results in an increase (albeit smaller - else why bother) in income tax, whilst those in work will in total be better off, pensioners will be worse off.
3/
The Pensions & Lifetime Savings Association has updated its guide to living costs in retirement. The full report is well worth a read, and goes into a lot of detail.
One key point is that it assumes that pensioners own their home outright - probably reasonable now, but the shift to renting means that in future years that may become increasingly questionable.
2/
It focuses on retirement income, but note that other sources may be used to fund retirement, whether it be income from savings/investments, or gradual withdrawal of capital. Much more likely to be relevant for those aspiring to a comfortable lifestyle of course.
3/
UKHSA estimates that prevalence of COVID in England and Scotland has nearly tripled in the month since the ONS restarted its COVID infection surveillance.
Fortunately prevalence is lowest at the oldest, more vulnerable age groups, but is estimated at just under 6% in the 18 to 44 age groups.
2/
Prevalence is estimated to be highest in the London area, at just over 6% across the population. Note though that confidence intervals are wider due to lower sample sizes than in previous studies.
So with the news this morning that the earnings growth announced today means the state pension (SP) will very likely increase by another 8.5% next year, it's time to set out once again why the SP triple lock (TL) is such a bad idea.
1/
It's all down to cherry-picking the best of the three rates each year. I did a thread nearly a year ago, that hopefully sets out clearly how the mechanism inevitably means that the SP will grow over time against both earnings (E) and prices (P).
With BH's still distorting individual weeks' figures, the cumulative position gives a better view, with the latest CMI age-standardised analysis showing mortality 3.8% (of a full year's mortality) worse than its reference year of 2019.
Here's the mea culpa - it was only wrong by a factor of 13, but at least the post has been deleted rather than just corrected and left up, when experience shows that only a fraction of the original audience will see the correction.
So what are the true numbers?
2/
In E&W the peak week in 2020 was just under 9,000, and the second wave peak was pretty close to that number.
In total ONS has recorded 199,728 COVID related deaths in E&W since the pandemic started.