England’s third national lockdown could last until March as scientists question whether the new measures will be enough to contain the runaway infection rate.
Prime Minister Boris Johnson announced the new stay-at-home order on Monday night as he revealed the health system was less than three weeks away from becoming overwhelmed by coronavirus patients.
Mr Johnson did not say when the lockdown would end but signalled a review would take place in mid-February.
Cabinet Office minister Michael Gove clarified on Tuesday morning that the relaxation of lockdown rules was tied to the pace of vaccinations.
He said the UK faced a “race against time” to vaccinate as many people as possible over the next few months before ministers can look at easing restrictions in March, taking into account the three-week lag for immunity to kick in after the initial injection.
Mr Gove's comments came hours before Chancellor Rishi Sunak announced a further £4.6 billion ($6.23bn) in fresh lockdown grants to help businesses survive the third shutdown.
“We can’t predict with certainty when we’ll be able to lift the restrictions," Mr Gove told Sky News.
"What we will be doing is making sure as many people are vaccinated as possible. As we enter March, we will be able to lift some restrictions, but not necessarily all.”
However, leading epidemiologist Prof Andrew Hayward said lockdown on its own may not be enough to bring the infection rate under control.
He called on the government to take a more proactive role by encouraging better compliance with the rules, especially in poorer communities, where people may have no choice but to go to work even if they are experiencing coronavirus symptoms.
"We need to do more than just stay at home and wait for the vaccine. We need to be actively bearing down on it," he told BBC's Radio 4 Today programme.
“What we need to do is empower local communities,” he added. “We should pay (organisations) to work with those communities to encourage testing, support isolation, shielding and encourage vaccinations.”
Mr Gove added that the UK was considering bringing in further rules for international travel.
Ministers are
The shutdown, which will become law on Wednesday morning, came as Britain expanded its vaccination programme by becoming the first nation to start using the shot developed by the Oxford University and drugmaker AstraZeneca.
Mr Johnson said people must stay at home again, as they were ordered to do during the first wave of the pandemic in March, because the new virus variant was spreading in a “frustrating and alarming” way.
“As I speak to you tonight, our hospitals are under more pressure from Covid than at any time since the start of the pandemic,” he said in a televised address.
From Tuesday, primary and secondary schools, colleges and universities will be closed for classroom learning, except for the children of key workers and vulnerable pupils.
University students will not return until at least mid-February. People were told to work from home unless it was impossible to do so, and to leave home only for essential trips.
All non-essential shops and personal care services such as hair salons will be closed, and restaurants can only operate takeaway services.
As of Monday, there were 26,626 Covid-19 patients in hospitals in England, an increase of more than 30 per cent from a week ago.
That is 40 per cent above the highest level of the first wave in the spring.
This chart shows how hospital admissions in the UK have shot up exponentially in recent weeks:
This chart follows the rise of patients in ventilation beds in hospitals across the UK:
Large areas of England were already under tight restrictions as officials try to control an alarming surge in cases in recent weeks, blamed on a new variant of coronavirus that is more contagious.
Authorities have recorded more than 50,000 new infections daily since passing that milestone for the first time on December 29.
On Monday, 407 virus-related deaths were reported, pushing the confirmed death toll total to 75,431, one of the worst in Europe.
The UK’s chief medical officers warned that without further action, there was a “material risk” of health services being overwhelmed within the next three weeks.
Hours earlier, Scotland’s leader Nicola Sturgeon also imposed a lockdown with broadly similar restrictions. It will last from Tuesday until the end of January.
“I am more concerned about the situation we face now than I have been at any time since March last year,” Ms Sturgeon said in Edinburgh.
UK health authorities began injecting the Oxford-AstraZeneca vaccine around the country, fuelling hopes that life may start to return to normal by the spring.
“The weeks ahead will be the hardest yet but I really do believe that we’re entering the last phase of the struggle,” Mr Johnson said.
Britain has secured the rights to 100 million doses of the Oxford-AstraZeneca vaccine, which is cheaper and easier to use than some rivals.
It does not require the super-cold storage needed for the Pfizer-BioNTech vaccine.
The new drug will be administered at a small number of hospitals for the first few days so authorities can watch for any adverse reactions.
Officials said hundreds of new vaccination sites, including local doctors’ offices, will open this week, joining more than 700 centres already in operation.
A “massive ramp-up operation” is now under way, Mr Johnson said.
The goal was that by mid-February, about 13 million people in the top priority groups – care-home residents, all those over 70 years old, front-line health and social workers, and those deemed extremely, clinically vulnerable – will be vaccinated, he said.
Brian Pinker, 82, a dialysis patient, received the first Oxford-AstraZeneca shot early on Monday at Oxford University Hospital.
“The nurses, doctors and staff today have all been brilliant, and I can now really look forward to celebrating my 48th wedding anniversary with my wife, Shirley, later this year,” Mr Pinker said.
But aspects of Britain’s vaccination plan provoked controversy.
Both vaccines require two shots, and Pfizer had recommended that the second dose be given within 21 days of the first.
The UK’s joint committee on vaccination, however, said authorities should give the first vaccine dose to as many people as possible, rather than setting aside shots to ensure others receive two doses. It has stretched the time between doses from 21 days to within 12 weeks.
While two doses are required to provide full protection, both vaccines provide high levels of immunity after the first dose, the committee said.
Making the first dose the priority will “maximise benefits from the vaccination programme in the short term”, it said.
Stephen Evans, a professor of pharmacoepidemiology at the London School of Hygiene and Tropical Medicine, said policymakers were being forced to balance the risks of this change against the benefits in the middle of a deadly pandemic.
“As has become clear to everyone during 2020, delays cost lives,” Prof Evans said.
“When resources of doses and people to vaccinate are limited, then vaccinating more people with potentially less efficacy is demonstrably better than a fuller efficacy in only half.”
Monday’s urgent announcement was yet another change of course for Mr Johnson, who had stuck with a regional alert system that mandated varying restrictions for areas depending on the severity of local infections.
London and large areas of south-east England were put under the highest level of restrictions in mid-December, and more regions soon joined them.
But it soon became clear that the regional approach was not reducing the spread of the virus, and critics have been calling for a tougher national lockdown.
While schools in London were already closed due to high infection rates in the capital, Mr Johnson had said students in many parts of the country could return to classrooms on Monday after the Christmas holidays, to the dismay of teachers’ unions.
“We are relieved the government has finally bowed to the inevitable and agreed to move schools and colleges to remote education in response to alarming Covid infection rates,” said Geoff Barton, general secretary of the Association of School and College Leaders.
SPECS
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%20Dual%20electric%20motors%20with%20102kW%20battery%20pack%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E570hp%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ETorque%3A%3C%2Fstrong%3E%20890Nm%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERange%3A%3C%2Fstrong%3E%20Up%20to%20428km%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EOn%20sale%3A%3C%2Fstrong%3E%20Now%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh1%2C700%2C000%3C%2Fp%3E%0A
Killing of Qassem Suleimani
Global state-owned investor ranking by size
1.
|
United States
|
2.
|
China
|
3.
|
UAE
|
4.
|
Japan
|
5
|
Norway
|
6.
|
Canada
|
7.
|
Singapore
|
8.
|
Australia
|
9.
|
Saudi Arabia
|
10.
|
South Korea
|
Persuasion
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ECarrie%20Cracknell%C2%A0%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3EDakota%20Johnson%2C%20Cosmo%20Jarvis%2C%20Richard%20E%20Grant%2C%20Henry%20Golding%20and%20Nikki%20Amuka-Bird%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%201.5%2F5%3C%2Fp%3E%0A
Killing of Qassem Suleimani
Naga
%3Cp%3E%3Cstrong%3EDirector%3A%C2%A0%3C%2Fstrong%3EMeshal%20Al%20Jaser%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%C2%A0%3C%2Fstrong%3EAdwa%20Bader%2C%20Yazeed%20Almajyul%2C%20Khalid%20Bin%20Shaddad%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E4%2F5%3C%2Fp%3E%0A
The 12
England
Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur
Italy
AC Milan, Inter Milan, Juventus
Spain
Atletico Madrid, Barcelona, Real Madrid
Ipaf in numbers
Established: 2008
Prize money: $50,000 (Dh183,650) for winners and $10,000 for those on the shortlist.
Winning novels: 13
Shortlisted novels: 66
Longlisted novels: 111
Total number of novels submitted: 1,780
Novels translated internationally: 66
MATCH INFO:
Second Test
Pakistan v Australia, Tuesday-Saturday, 10am daily at Zayed Cricket Stadium, Abu Dhabi
Entrance is free
How Tesla’s price correction has hit fund managers
Investing in disruptive technology can be a bumpy ride, as investors in Tesla were reminded on Friday, when its stock dropped 7.5 per cent in early trading to $575.
It recovered slightly but still ended the week 15 per cent lower and is down a third from its all-time high of $883 on January 26. The electric car maker’s market cap fell from $834 billion to about $567bn in that time, a drop of an astonishing $267bn, and a blow for those who bought Tesla stock late.
The collapse also hit fund managers that have gone big on Tesla, notably the UK-based Scottish Mortgage Investment Trust and Cathie Wood’s ARK Innovation ETF.
Tesla is the top holding in both funds, making up a hefty 10 per cent of total assets under management. Both funds have fallen by a quarter in the past month.
Matt Weller, global head of market research at GAIN Capital, recently warned that Tesla founder Elon Musk had “flown a bit too close to the sun”, after getting carried away by investing $1.5bn of the company’s money in Bitcoin.
He also predicted Tesla’s sales could struggle as traditional auto manufacturers ramp up electric car production, destroying its first mover advantage.
AJ Bell’s Russ Mould warns that many investors buy tech stocks when earnings forecasts are rising, almost regardless of valuation. “When it works, it really works. But when it goes wrong, elevated valuations leave little or no downside protection.”
A Tesla correction was probably baked in after last year’s astonishing share price surge, and many investors will see this as an opportunity to load up at a reduced price.
Dramatic swings are to be expected when investing in disruptive technology, as Ms Wood at ARK makes clear.
Every week, she sends subscribers a commentary listing “stocks in our strategies that have appreciated or dropped more than 15 per cent in a day” during the week.
Her latest commentary, issued on Friday, showed seven stocks displaying extreme volatility, led by ExOne, a leader in binder jetting 3D printing technology. It jumped 24 per cent, boosted by news that fellow 3D printing specialist Stratasys had beaten fourth-quarter revenues and earnings expectations, seen as good news for the sector.
By contrast, computational drug and material discovery company Schrödinger fell 27 per cent after quarterly and full-year results showed its core software sales and drug development pipeline slowing.
Despite that setback, Ms Wood remains positive, arguing that its “medicinal chemistry platform offers a powerful and unique view into chemical space”.
In her weekly video view, she remains bullish, stating that: “We are on the right side of change, and disruptive innovation is going to deliver exponential growth trajectories for many of our companies, in fact, most of them.”
Ms Wood remains committed to Tesla as she expects global electric car sales to compound at an average annual rate of 82 per cent for the next five years.
She said these are so “enormous that some people find them unbelievable”, and argues that this scepticism, especially among institutional investors, “festers” and creates a great opportunity for ARK.
Only you can decide whether you are a believer or a festering sceptic. If it’s the former, then buckle up.
Milestones on the road to union
1970
October 26: Bahrain withdraws from a proposal to create a federation of nine with the seven Trucial States and Qatar.
December: Ahmed Al Suwaidi visits New York to discuss potential UN membership.
1971
March 1: Alex Douglas Hume, Conservative foreign secretary confirms that Britain will leave the Gulf and “strongly supports” the creation of a Union of Arab Emirates.
July 12: Historic meeting at which Sheikh Zayed and Sheikh Rashid make a binding agreement to create what will become the UAE.
July 18: It is announced that the UAE will be formed from six emirates, with a proposed constitution signed. RAK is not yet part of the agreement.
August 6: The fifth anniversary of Sheikh Zayed becoming Ruler of Abu Dhabi, with official celebrations deferred until later in the year.
August 15: Bahrain becomes independent.
September 3: Qatar becomes independent.
November 23-25: Meeting with Sheikh Zayed and Sheikh Rashid and senior British officials to fix December 2 as date of creation of the UAE.
November 29: At 5.30pm Iranian forces seize the Greater and Lesser Tunbs by force.
November 30: Despite a power sharing agreement, Tehran takes full control of Abu Musa.
November 31: UK officials visit all six participating Emirates to formally end the Trucial States treaties
December 2: 11am, Dubai. New Supreme Council formally elects Sheikh Zayed as President. Treaty of Friendship signed with the UK. 11.30am. Flag raising ceremony at Union House and Al Manhal Palace in Abu Dhabi witnessed by Sheikh Khalifa, then Crown Prince of Abu Dhabi.
December 6: Arab League formally admits the UAE. The first British Ambassador presents his credentials to Sheikh Zayed.
December 9: UAE joins the United Nations.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
Our legal consultants
Name: Hassan Mohsen Elhais
Position: legal consultant with Al Rowaad Advocates and Legal Consultants.
Abu Dhabi GP Saturday schedule
12.30pm GP3 race (18 laps)
2pm Formula One final practice
5pm Formula One qualifying
6.40pm Formula 2 race (31 laps)
COMPANY%20PROFILE
%3Cp%3ECompany%20name%3A%20Znap%3C%2Fp%3E%0A%3Cp%3EStarted%3A%202017%3C%2Fp%3E%0A%3Cp%3EFounder%3A%20Uday%20Rathod%3C%2Fp%3E%0A%3Cp%3EBased%3A%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3EIndustry%3A%20FinTech%3C%2Fp%3E%0A%3Cp%3EFunding%20size%3A%20%241m%2B%3C%2Fp%3E%0A%3Cp%3EInvestors%3A%20Family%2C%20friends%3C%2Fp%3E%0A
City's slump
L - Juventus, 2-0
D - C Palace, 2-2
W - N Forest, 3-0
L - Liverpool, 2-0
D - Feyenoord, 3-3
L - Tottenham, 4-0
L - Brighton, 2-1
L - Sporting, 4-1
L - Bournemouth, 2-1
L - Tottenham, 2-1
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
WE%20NO%20LONGER%20PREFER%20MOUNTAINS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Inas%20Halabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENijmeh%20Hamdan%2C%20Kamal%20Kayouf%2C%20Sheikh%20Najib%20Alou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
Citadel: Honey Bunny first episode
Directors: Raj & DK
Stars: Varun Dhawan, Samantha Ruth Prabhu, Kashvi Majmundar, Kay Kay Menon
Rating: 4/5
FA Cup semi-finals
Saturday: Manchester United v Tottenham Hotspur, 8.15pm (UAE)
Sunday: Chelsea v Southampton, 6pm (UAE)
Matches on Bein Sports
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%3A%20%3C%2Fstrong%3EGrowdash%0D%3Cbr%3E%3Cstrong%3EStarted%3A%20%3C%2Fstrong%3EJuly%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%20%3C%2Fstrong%3ESean%20Trevaskis%20and%20Enver%20Sorkun%0D%3Cbr%3E%3Cstrong%3EBased%3A%20%3C%2Fstrong%3EDubai%2C%20UAE%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%20%3C%2Fstrong%3ERestaurant%20technology%0D%3Cbr%3E%3Cstrong%3EFunding%20so%20far%3A%3C%2Fstrong%3E%20%24750%2C000%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Plus%20VC%2C%20Judah%20VC%2C%20TPN%20Investments%20and%20angel%20investors%2C%20including%20former%20Talabat%20chief%20executive%20Abdulhamid%20Alomar%2C%20and%20entrepreneur%20Zeid%20Husban%3C%2Fp%3E%0A