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:
What kind of impact will the Australia-UK trade deal have? Short answer is we don’t know, in part because we still have scant detail abt it, in part cos it generally takes a LONG time for these deals to be felt in our lives.
Even so, I think this is a big deal, for a few reasons:
The first thing to remember is the historical context. There are two lazy assumptions knocking around: 1. That the UK could never trade much with Aus given how far away it is and 2. Our trade with them really collapsed when we joined the EU and started imposing their tariffs…
Actually look at Australian trade as % of UK total, it’s clear it used to be REALLY high. Yes, this was partly because of war and partly because it was part of the sterling zone, thus locked into UK economy. But even in ‘50s/60s Aus accounted for 1 in 8 of all imports/exports
There we have it. According to @borisjohnson the UK hasn’t passed the four tests laid out in Feb when the reopening timetable was announced.
A pretty clear pass on tests one and two (vaccines) and a pretty clear fail on test four (variants). Test three unclear.
Reopening delayed.
Here’s the q: what changed between the PM saying 12 days ago that he could see “nothing in the data” to change re-opening timetable and today?
Variant growth rate v similar.
Case growth rate v similar.
Not sure there’s any data we have now that we didn’t on June 2.
What changed?
The point of basing policy on DATA is that you actually follow the data.
Better still, you make it clear what levels of data will trigger what kind of action.
Why? That kind of transparency means people can use that data to plan their lives rather than hoping for leaks from No10
"I don't recognise those figures".
This is odd given the figs @TrevorPTweets quoted to @MattHancock are govt's own figs from its NHS Test & Trace spreadsheets. They show it waited far longer to put India on the red list than Pakistan after its Covid positivity hit a certain level
Let me take you (& @matthancock) through it.
This may seem like water under the bridge but it MATTERS because:
1 we now have more of this Delta/Indian variant than almost any other country outside Asia
2 we still have little clarity on how govt decides on red/amber/green lists
It's worth saying at the outset that @MattHancock is absolutely right about one thing: when taking these decisions it's far better to focus on data collected through our testing system on incoming travellers than data you get from, for instance @OurWorldInData. So let's do that.
Breaking: G7 has now agreed a deal on tackling corporate tax avoidance by the tech giants. "It's a proud moment" says Chancellor @RishiSunak. More on @skynews soon
Full details to come in a communique soon but my understanding of main points:
1: new tax rules for firms with 10pc profit margins. Above that, 20pc of profits to be reallocated based on a formula involving sales. Will affect abt 100 firms.
2: global minimum corp tax rate of 15%
While the deal is certainly less ambitious than many wanted (eg 15% not 21%, only 100 companies covered by new rules) there’s no disputing this is a big moment. Global biz tax rules date back a century to the League of Nations. This is the most meaningful step to reform them yet
New: G7 insiders are now expecting a breakthrough on a global minimum corporate tax rate at next week’s finance minister’s meeting in London. Full story: news.sky.com/story/global-t…
There’s been lots of movement behind the scenes on this.
Last wk the working plan was the summit would mostly be about climate change.
Now TAX is likely to dominate.
And G7 insiders say a deal in London is “doable”. Which in turn wld make a G20/OECD deal later this yr more likely
This is big stuff.
Biggest overhaul of tax rules in a century.
But there’s ongoing negotiation between sherpas abt which companies would be affected and how the two “pillars” of this (1. changing how we calculate what taxes are owed where, 2. Global minimum rate) interact.
Exclusive: Big blow for Joe Biden as Irish finance minister tells me he has “significant concerns” with US proposals for global minimum corporate tax rate:
•No plans to change Ireland’s 12.5% rate.
•Expects it to be in place in 5/10 yrs time.
Story here: news.sky.com/story/ireland-…
Irish finmin tells @skynews:
- “sig reservations” abt Biden tax plans
- “proud of the part the 12.5% tax rate has played in our econ development”
- N Ireland protocol helped secure “the long term interests of the island [of Ireland], but “there are issues”
These comments from @Paschald represent the strongest reproach yet to the US president, who is seeking to persuade countries around the world to agree to a floor on corporate tax rates of 15% - the biggest potential reform to international biz taxes in a century.