Been a week and a bit since I did a COVID data update. Tbh the pattern is broadly the same as it was then: cases & hospitalisations growing. Both a bit faster than two weeks ago. But the link between them remains much weaker than in previous waves
Last time around we looked at the growth rate in cases and saw that if that continued it would mean 40k plus daily cases by “Freedom Day” July 19.
As you can see, that line is steeper. Points towards a higher level.
Current extrapolation suggests maybe 80/90k…
But hospitalisations are still broadly in line with that extrapolated line from a couple of weeks back. Ie heading up but less rapidly than cases. Where are they by 19 July? On basis of past fortnight’s daily growth rate, still 500-600. On basis of past week, 600-700.
Here’s a version of the above with logarithmic axes, for more of a sense of growth rates (with log scales, the steeper the line, the faster the growth rate).
Or to put it another way,
Doubling times over past week
Cases: 9 days
Hospitalisations: 16 days
Yes, *technically* admissions are still growing exponentially.
Extrapolate admissions onwards and you get 4,200 daily admissions by late Aug - the same as the winter peak.
Scary! But only until you realise that by then the extrapolated Covid rate would be 20m new cases A DAY 🤔
Eg while these extrapolations are useful for a while, at some point cases will peak. Question is when. Which is why epidemiologists like those at SPI-M, or modellers like @JamesWard73 are worth following. Early signals are promising but we’re still heading into the unknown.
Final updated chart is cases vs deaths, with deaths adjusted 14 days so you can see the correlation during the winter wave(s) and the comparative lack of correlation this time around. Deaths are rising. But it’s very, VERY gradual.
So. There is nothing *surprising* per se in the data.
Where we are today is broadly where the growth rates were pushing us a couple of weeks back.
Which is to say, in case terms we’re in the early swells of another big wave of #COVID19.
But focusing purely on cases is misleading.
NB there are many consequences of high #COVID19 cases that don’t show up in hospitalisation/deaths data. Long covid, for instance. So this isn’t the full story.
Even so, seeing those red/blue lines continuing to diverge is encouraging. Let’s hope it continues! 🤞
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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.
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.