In the UK, July 19th was long-awaited (and once postponed) ‘freedom day’. Or, as the FT aptly renamed it, ‘surrender day’. Despite rapidly rising cases, and technocrats loudly reminding people that unlocking was not ‘following the science’, the UK removed many restrictions on July 19th.
At the time of writing, this move appears to be paying off. While it is too soon to judge the impact of a policy enacted only 12 days ago – given the lags in the virus’ severest impacts – the case count has in any event been falling for a week. Over 90% of UK adults now have antibodies, and the role that children have in spreading the virus remains unclear (paywall link here).
The average age of people with cases is around 25 – and people with 2 jabs almost entirely escape intensive care, let alone the morgue. In my local neighbourhood the case count has just hit an all-time high, but the hospitals remain relatively unaffected.
London remains distinctly subdued. But with last week’s opening of the borders to fully vaccinated EU/USA visitors, the tourist trade should start to pick up.Continue reading “July 2021 – China educates investors”