Ed Conway Profile picture
Apr 13, 2021 13 tweets 8 min read Read on X
One thing we’ve learnt about #COVID stories:
Often something that looks too scary to be true isn’t quite true when you look at the small print.
Often something that looks too good to be true isn’t quite true when you look at the small print.
There have been a few scary stories in recent weeks about “hotspots” of #COVID19 around the UK.
Partly inspired by maps like this (this one from @PHE_uk) which compare local case levels with the national avg. The reddest area here is Barnsley
One problem with heatmaps is that while they do a good job of depicting regional variation, they don’t give you much context.
And they can look more dramatic when the national avg is low (as it is right now). So.
Here are three “hotspots”: Clackmannanshire, Corby & Barnsley:
Look at actual case levels and you see 3 v different stories:
Barnsley had a surge in autumn
Corby avoided the autumn peak but had a massive surge in Jan
Clackmannanshire v different again. No big surge but small bounces (prob local clusters)
As of now, cases falling in each area
Now, there may well be hotspots in the future. These things can spiral quickly. But I’m not sure these would currently meet anyone’s definition of dangerous hotspots.
That said, even when you take a step back and look at the national picture sometimes things can be distorted.
Consider this viral tweet from the @spectator yesterday. Is it true that the UK has had the biggest peak-to-now fall in #COVID cases?
Well, yes if you just look at the figures and ignore the small print. But if you look at the small print?
Not quite...
The @spectator table is based on figs on cases per million over the most recent 7 days, taken from @OurWorldInData, which are in turn taken from CSSE Johns Hopkins who in turn compile figs reported by each country.
Use those numbers and UK cases per m do indeed fall 97.4%! BUT...
Here’s the thing: go into the @OurWorldInData spreadsheet and look closely at daily case numbers and here’s what you find: a -4.8k figure for the UK dating from Friday.
What happened? The UK removed some old positive test results. It was barely reported, but here’s the note:
Remove that negative number (which is anyway a statistical adjustment to HISTORIC cases) from the rolling 7 day average and UK cases per million go up from 22.7 to 38.8.
This number is prob a better picture of where the UK is.
It’s a MASSIVE improvement on recent months.
But alas this piece of small print means the headline on the @spectator piece is not quite right.
The UK is actually not in first but in second place in this table.
Since when you use the adjusted case rate the peak-to-now fall is actually about 95.6%.
This is still AMAZING.
None of this is intended as a criticism of the @spectator’s excellent data hub or indeed @OurWorldInData’s excellent database and charts.
But sometimes the small print is so small no-one notices. And sometimes that has a bearing on the numbers (even if only barely)...
Still: the overall picture in the UK remains really promising. Cases falling fast, as are hospitalisations. On basis of my rough and ready dot plot which completes the SPI-M projections from Feb, things are still looking good.
Real question is how these look 1/2 months from now
Here’s a video we made abt this last night.
NB: most other broadcasters try to steer clear of deep data analysis and charts like these.
They think viewers will switch off.
Not @SkyNews, who care about this stuff and think their viewers do too.

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More from @EdConwaySky

May 28
🧵
You may recall a spate of stories a few years ago about appalling working conditions & abysmally low pay in Leicester's clothes factories.
The hope was those stories would shame businesses into improving working conditions.
But here's what ACTUALLY happened next...
👇
Instead of staying in Leicester, most brands abandoned it & shifted production to N Africa & S Asia.
Today Britain's biggest centre of textile & apparel manufacture is battling the threat of extinction.
It's a mostly untold economic story we've spent recent months documenting Image
Once upon a time Leicester was the beating heart of UK clothes manufacturing.
The city was dotted with factories making clothes for big name brands.
Now, according to one estimate, the number of clothes factories has dropped from 1500 in 2017 to under 100 this year. A 95% fall. Image
Read 15 tweets
May 8
How big a deal is the new trade agreement unveiled between the US and the UK? Here are some initial thoughts.
Start with this: this is total UK exports to the US over the past 5yrs: £273bn. Right now most of this will face a 10% tariff. Some things (eg cars) face 25% extra Image
Let's break down that total. The biggest chunk is cars. Just under £30bn. That's covered under the agreement. So too are steel/aluminium exports. Much smaller at £2.7bn...
These sectors will benefit from special deals (though much of the detail still remains vague). Image
Image
Rolls Royce will apparently get tariff free access for its jet engines. That mostly helps Boeing, but also Rolls Royce. Jet engines comprise a surprisingly large chunk of UK exports to the US, about £17.3bn. So let's shade that red too... Image
Read 9 tweets
Mar 27
🚨
The Chinese owners of British Steel say they are now considering shutting their blast furnaces and end steelmaking at Scunthorpe in early June - only a few months away.
It would mean an end of virgin steelmaking in the country that invented it during the industrial revolution
British Steel say the main question now is timing: whether the operations will close in June, in September or later.
It says tariffs are one of the reasons the blast furnaces are "no longer financially sustainable".
Press release 👇 Image
The news means @jreynoldsMP faces two interlocking crises in the coming months:
1. The imposition of US tariffs on an ever growing segment of British exports
2. The end of virgin steelmaking (the UK would be the first G7 country to face this watershed moment).
This is big stuff
Read 5 tweets
Mar 25
Donald Trump just announced 25% tariffs on anyone importing oil from Venezuela.
This is odd.
Because the country importing the most crude from Venezuela is... the US.
Capital Economics chart of Ven oil exports by Capital Economics via @rbrtrmstrng
But it raises a bigger point
🧵 Image
Why does the US import so much oil from Venezuela?
Mainly for the same reason it imports so much oil from Canada.
And no it's not just because they're close.
It's because most US refineries are set up to refine the kind of oil they have in Venezuela and Canada.
To understand this it helps to recall that crude oil is actually a broad term. There are LOTS of different varieties of crude - a function of the geology of where the oil formed and the organic ingredients that went into it millions of years ago.
It's called "crude" for a reason
Read 14 tweets
Mar 23
🚨
Here's a thread about ALUMINIUM.
Why this commonplace metal is actually pretty extraordinary.
How the process of making it is a modern miracle...
... which also teaches you some profound lessons about the trade war being waged by Donald Trump. And why it might be doomed.
🧵
Aluminium is totally amazing.
It's strong but also very light, as metals go.
Essentially rust proof, highly electrically conductive. It is one of the foundations of modern civilisation.
No aluminium: no planes, no electricity grids.
A very different world. Image
Yet, commonplace as it is today, up until the 19th century no one had even set eyes on aluminium. Unlike most other major metals we didn't work out how to refine it until surprisingly recently.
The upshot is it used to be VERY precious. More than gold!
Read 36 tweets
Mar 21
🚨TARIFFS🚨
Here's a story that tells you lots about the reality of tariffs both for those paying them & those hoping to benefit from them.
A story of ships, storms, bad luck and bad policy.
It begins a week and a bit ago, with a man frantically refreshing his web browser...
🧵
That man is Liam Bates.
He runs the UK unit of a steel company called Marcegaglia. They make stainless steel - one of the most important varieties of this important alloy. The method of making it was invented in Sheffield. And this company traces its DNA back to that invention. Image
Watching the process is TOTALLY amazing.
They tip a massive amount of scrap: old car parts, sinks etc, into a kind of cauldron and then lower big glowing electrodes into it.
Then flip the switch.
⚡️Cue a massive thunder sound as a controlled lightning storm erupts inside it.
Read 15 tweets

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