Few thoughts on UK COVID data.
There’s good news and bad news.
But the good news is that the good news outweighs the bad IMHO.
Let’s start with cases. They’re growing in the UK at a decent snap, albeit not as fast as winter. You can see this better in the log chart (2)
But the real question is not just about cases but whether they’re turning into deaths.
That was the case for most of the pandemic: look at how correlated these lines are.
But now look bottom right. Do they seem to be diverging? Looks like it (albeit still quite early days)
That brings me to the most encouraging bit of data out recently: the case fatality rate of the Delta/Indian variant vs Alpha/Kent and others.
Look! While 2% of those catching Alpha died, the CFR for Delta is only 0.3%. Massive improvement.
It’s hard to overstate how big a deal this is. Clearly death is not the only consequence of #COVID19. There’s long covid, most notably.
Even so, the fact that a far smaller % of people are dying is incredibly good news.
Early data, so will need to monitor it. But still… 🤞
And in case it wasn’t already clear, this is not a consequence of the variant itself, which seems on the basis of early evidence to cause MORE hospitalisations. It’s because so many people are vaccinated that only a small % are catching it and even smaller are dying of it.
Now clearly deaths always lag cases, so we need to be cautious and look at as many datapoints as poss to test the thesis that the link between cases & deaths is weakening. Let’s look at hospital admissions.
Again, note the correlation during winter. And some divergence recently.
The pattern is somewhat less clear than with deaths because while deaths are flat, hospitalisations are growing. But look at the growth rates.
Cases going up 4.7% over the past fortnight. Admissions up 3.4%.
Doesn’t sound like a big difference but in practical terms it’s enormous
Extrapolate these lines forward (simple projection based on past 14 day growth rate) and here’s what you get by 19 July:
40k #COVID19 cases a day.
560 hospitalisations a day.
So. On “Freedom Day” the caseload could be 2/3 of the winter peak!
Sounds scary, right…
But 560 daily hospitalisations represents only 13% of the winter peak.
Far more manageable for the NHS.
You see the issue.
Even as UK lifts lockdown, one key statistic, the one we’ve prob focused on the most during the pandemic, will be at levels which hitherto rang alarm bells
It’s a tricky one. We’ve spent the past 18 months telling ourselves that sure as night follows day, cases => hospitalisations => deaths.
And while there’s clearly still a link and people are still suffering, this heuristic is nowhere near as powerful as it once was.
Which is why this point matters. It will be very easy in the coming weeks to take case numbers and make them look utterly terrifying. But the reality is much more nuanced. And that’s going to be v tricky for all of us to internalise.
None of this is to say the numbers aren’t, well, a bit unnerving. The ONS data now suggests cases are on the way up too, so it’s not just the dashboard (tho the @ONS infection number is still a tad less steep than the gov.uk numbers)
Look at the breakdown of UK nations and Scotland looks like it’s going through the ceiling. A while back this would be an instant red flag. But again: remember that the equation has changed. High cases don’t necessarily mean high hospitalisations/deaths
Let’s not forget that in comparison with where many epidemiologists thought we might be now, we’re doing incredibly well.
This is the Imperial chart of what might happen to hospitalisations as lockdown was eased.
Right hand chart is what happened (the circular dots)
One other thing worth bearing in mind: part of reason UK cases are rising so fast is the delta/Indian variant. Nearly all UK cases are now Delta. But most of the rest of Europe is basically now where the UK was a month ago.
Chart is delta % in various countries:
Also worth bearing in mind it needn’t have been quite like this. It’s quite plausible UK could have staved off arrival of Delta. (Tho it would prob have got here in the end).
Still, answers from govt abt why it waited so long to put India on red list remain unsatisfactory. Cf:
If the main thing the US really wants out of a deal with Ukraine is "50% of its rare earth minerals" then I'm surprised this can't be wrapped up pretty quickly.
Why? Because Ukraine doesn't HAVE many rare earth resources.
Really. As far as anyone knows it's got barely any...
Yes, Ukraine has lots of coal and iron and manganese.
It also has some potential sizeable reserves of stuff like titanium, graphite and lithium. Not to mention some promising shale gas.
But of the 109 deposits identified by KSE only 3 are rare earth elements
Now in one respect I'm making a pedantic point: a lot of people say "rare earth elements" when they actually mean "critical minerals".
The two aren't the same thing.
Rare earth elements are a v specific bit of the periodic table: actually they're NOT all that rare.
More on them👇
🧵THE STRANGE CASE OF THE ONE MILLION POUND FINE
The story of an obscure press release on an obscure website which begs intriguing questions about Britain's "unprecedentedly tough" sanctions regime & why perhaps it's not quite as tough as it looks.
You may find it unsettling
👇
Back in Aug 2023, HMRC published this notice in the bowels of its website. Don't worry if it doesn't ring a bell - it didn't get any publicity.
But it's a big deal. A £1m fine for breaking Russian sanctions rules.
The single biggest fine in relation to trade sanctions.
But there are some gaping questions about this fine.
First: who paid it? Is this a firm we've heard of? Second: what did they actually do wrong? And what did they do to deserve to pay such a large sum?
There are no answers on the website. That's it. Here's why this matters.
🇨🇳I was rather hoping to be writing this from China, where the Chancellor has just landed for the most significant economic mission in ages - restarting Britain's formal economic relationship with China.
Alas I'm still in London.
But make no mistake; this visit is a BIG deal.
🧵
Why?
Because this is the first such trip since 2017.
UK econ relations with China have been getting frostier for 6 yrs or more.
Huawei have been thrown out; rules imposed on Chinese businesspeople; accusations of spying.
& around the world nations are imposing tariffs on China.
But the UK is doing something different.
While nearly every other G7 nation has imposed tariffs on Chinese electric cars, the UK hasn't. While most countries are going colder on China (most notably the US), the UK is now cosying up to China. Why?
🔥GAS PRICES🔥
Why are they on the rise again?
Why is Europe (and the UK) deindustrialising at a rapid pace?
Why have we failed (contrary to the conventional wisdom) to increase the amount of non-Russian gas in our system?
Lots of questions. Some answers in my five min primer 👇
This is a big deal - and not widely understood:
The volume of non-Russian gas in the European system is FLAT vs before the Ukraine war.
That's not the conventional wisdom.
Back in 2022 many assumed imported LNG would help make up the lost gas from Russia.
That didn't happen...
Instead what happened is subtly, but importantly, different.
Yes, the amount of LNG coming in from the US rose quite sharply - albeit from a low base.
But that rise was only enough to compensate for the fact that domestic production in the UK/EU was FALLING at the same time
🌾 VERTICAL FARMING🌾
Could it save the world?
I used to be sceptical. There are MANY challenges.
But then I visited one. & I'm no longer so sure.
So with the world facing future food crises here's a thread on the most interesting thing to happen to farming in a long time...
🧵
Let's start with a chart.
A few weeks ago I did a deep data dive into the state of farming in the UK.
It culminated with a v long-run chart suggesting our ability to grow ever more crops in a given hectare is slowing. Possibly stalling.
This is a really big deal
What if we could send the line in that chart 👇into the stratosphere?
It would have massive consequences. We'd be able to get ever more food from a relatively small section of land. Meaning more land for housing/rewilding or whatever else we'd want to use it for. But how?
If you're interested in energy/climate you've probably heard the nugget that "kerosene/crude oil helped save the whales", by reducing demand for whale oil in lanterns.
I've even trotted it out myself🤦♂️
But there's a problem with it. A BIG problem...
🧵
The backstory here begins 200 years ago, before the age of crude oil & electricity, when the best way to light a room was a lantern, and the best oil to burn in that lantern was oil from a sperm whale.
It burnt brighter and with less smoke or stink than other oils
The oil itself is found in the head of the sperm whale. It comes from a totally unique organ whose function remains a matter of debate - the spermaceti organ.
Whale oil is a long chain molecule unlike nearly anything else in the natural world, giving it unique qualities