Jonathan Van-Tam framed it as a race between the new variant and vaccine rollout. But perhaps we should think of it as 404 different races - one for each local authority in the UK.
We know that some areas have been hit much harder by past waves of Covid than others. But the silver lining is that population protection in those areas is higher now so any third wave *should* be smaller in areas of high past infection
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Vaccine take-up also varies by area due to demographics, but also due to vaccine hesitancy and other things. So there's a fair amount of variation in vaccine protection across the country
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Putting those together - and stripping out any overlap for people both infected in the past and now vaccinated - and the picture looks like this
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London is fascinating. The outer boroughs are well protected by both high past infection and high vaccine uptake. But some of the inner boroughs appear quite exposed.
North Kent - first and hardest hit by the Kent variant - has strong protection from past infection
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North West was hit pretty hard in the past, and vaccination coverage is mixed.
Worryingly Bolton appears to be among the better protected areas of the country, yet it's still seeing a surge of B.1.617.2. That doesn't bode well for the many more exposed areas of the country
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How is protection likely to evolve from here onwards as the vaccine rollout continues? Here we've lined up all English local authorities from the least to the best protected - almost all of them make it over the herd immunity threshold for Step 3, take on Monday...
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Can they get to the higher herd immunity threshold (for the Kent variant) by the time of Step 4?
No, hence SAGE foresees R>1 for a time after June 21 (though this all assumes no material change in protection from past infection over the period)
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Protection continues to rise and by the end of the summer many areas are over the line, and further infections will probably push most above the HIT - but there's likely to be an under-protected tail of areas throughout
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Things get more worrying if the B.1.617.2 becomes dominant (as seems inevitable). Here we look at how the HIT changes if it turns out to be 25% more infectious.
By the end of September, absent further infections, nowhere gets above the line.
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There are only estimates, but any gap between protection levels and the HIT will be made up either by extending vaccination to adolescents or by a third wave.
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Overall, accelerating vaccine rollout or postponing Step 4 until rollout is complete would save lives
But so would varying the distribution of vaccines by area. Marginal benefit of an extra vaccine in a highly protected area is less than in an exposed on (all else equal)
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If we can be smarter with vaccine rollout, it could make a big difference. It's time to explore what levelling up vaccinations could do for us institute.global/policy/levelli…
3 things about Gove's very interesting speech that I find puzzling.
1) Can more 'deep expertise' in policymaking be a solution if 'elites with different social and political values' are the cause of Whitehall's alienation from the 52%?
2) If you want to so more policy evaluation, why would you want 'less reliance on social science and more on physical science'? This is, er, what social scientists do...?
3) Does it work simultaneously to argue that civil servants are unaccountable and that they don't take risks? Wouldn't your advice become more risk averse if your job was on the line?
Isn't the real reason they're risk averse that they don't want to embarrass the minister?
@Gilesyb I am probably more with @rcolvile than @jdportes in pessimism stakes. The capital/knowhow will still be there but the frictions in rebuilding atrophied firms and supply chains could be tough.
Completely agree with the Vox points - that argument has to be won or we’re stuffed
@Gilesyb@rcolvile@jdportes 3 stylised scenarios: 1. Companies come out weighed down by debt, balance sheet depression 2. Government shoulders all debts, side-stepping moral hazard, pays it off with tax 3. No loan take up and mass liquidation. No debt burden ex post but also no capacity in short run...
Very difficult to maintain lockdown once case numbers shrink, let alone for 12-18 months. The economy could shrink by a third - which would mean millions unemployed for months, and huge permanent damage to the economy.
2) Ease off measures once case numbers fall?
What we seem to have learned in recent weeks is that, without other tools, nothing except full lockdown works to prevent another jump in cases, as this scary chart from Imperial implies.
🚨New housing stats - woo hoo!🚨 LFS data combined with @MHCLG EPC data suggests the surplus housing stock grew strongly again last year to 1.24 million dwellings. Up from 660k in 1996. On latest data it'll probably rise again in 2019-20...
LFS suggests +131k households in England this year than last, but single years are bumpy. Average of +178k over past 5 years.
So for comparison: @ONS's revised household projections of 160-170k ✅
Last year's supply of ~240k ✅
Government's housing supply target of 300k ❌🚕
But you all know it's not about volumes, right? No, we need to look at prices!
But in fact similar opinions have been shared by many economists recently on 3 core points:
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1) There isn't a growing shortage that can explain national prices rises
2) Falling interest rates inevitably push up prices and are the primary culprit
3) Building 300k won't help reduces prices much or soon
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First of all the government's own @mhclg model confirms that growth in the housing stock per head has been sufficient to put *downward* pressure on prices since 1991 medium.com/@ian.mulheirn/…
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