More than 60% of England to be under toughest restrictions after Covid-19 variant is found


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More than 60 per cent of England, or 34 million people, will be under the toughest lockdown measures from Wednesday after a new variant of Covid-19, causing cases to double every seven days, was identified in the country's south-east.

London will move into the harshest coronavirus restrictions as a result of the discovery.

Health Secretary Matt Hancock said about 1,000 cases of the new variant had been found and it was spreading faster than the previous version.

The World Health Organisation has been notified and the Ministry of Defence's laboratory at Porton Down was conducting detailed studies, Mr Hancock said.

But he said there was no reason to believe it would harm the effectiveness of a vaccine.

Mr Hancock told MPs the city would move into Tier 3 from midnight on Wednesday, closing restaurants and pubs.

Parts of Essex and Hertfordshire were also moved into the highest alert level.

The capital has the highest rate of coronavirus in England and the new restrictions are a step down from a hard lockdown.

Mr Hancock said that without the increase in measures, the rise in cases could overwhelm hospitals.

"Over the past week we've seen very sharp, exponential rises in the virus across London, Kent, parts of Essex and Hertfordshire," he told Parliament.

"We therefore have decided to move greater London, the south and west of Essex and the south of Hertfordshire into Tier 3, which is the very high alert level.

"These restrictions will come into force at midnight on Wednesday morning."

Mr Hancock said that although most of the new variant cases were in the south-east, cases have been identified in 60 local authority areas and "numbers are increasing rapidly".

"I must stress at this point that there is currently nothing to suggest that this variant is more likely to cause serious disease," he said.

"But it shows we've got to be vigilant and follow the rules and everyone needs to take personal responsibility not to spread this virus."

At Downing Street on Monday, Mr Hancock said the British government would on Wednesday review the rest of the country's coronavirus tier restrictions.

He said that the spread of Covid-19 was uneven, with sharp rises in South Wales, London, Kent and Essex.

"This rise has been among people of all age groups, not just school-aged children," Mr Hancock said.

"And I'm particularly concerned about the rising rates in the over-60s and the number of people in hospital, which is also rising.

"We've seen it time and time again elsewhere this year. When cases rise, pressure on hospitals mounts.

"And so too then, sadly, do the number of people who die from coronavirus.

"To stop this, we need to act fast."

Chief medical officer Prof Chris Whitty said the virus would continue to mutate.

Many saw the tightening of restrictions in the capital as inevitable. Rupa Huq, the Labour MP for Ealing Central, tweeted that it was the "worst kept secret ever".

Earlier, London Mayor Sadiq Khan called on the government to go further, insisting all secondary pupils in the capital be sent home and masks made compulsory in high streets.

But some local authorities have already heeded the call.

Greenwich, in south-east London, became the first council in England to ask all schools to close because of the rapidly rising infection rate.

The move is in defiance of a government request that schools be kept open, with the Department of Education threatening legal action against those who move teaching online.

Despite this, many parents are already taking their children out of class to avoid catching the virus and being asked to self-isolate over Christmas.

London's infection rate for every 100,000 people was at 191.8 on December 6, up from 158.1 the previous week, Public Health England said.

The latest data also showed coronavirus cases rising in 24 of London’s 32 boroughs, with rates worse than Manchester and Liverpool when those cities entered Tier 3.

England's new tier system.
England's new tier system.

"The surge in coronavirus cases across our capital is deeply concerning," Mr Khan said.

"I am calling on the government to urgently provide additional support to get the spread under control, save lives and livelihoods, and ensure our NHS is not overwhelmed this winter."

He called for more asymptomatic testing for people who cannot work from home and requested extra support for businesses forced to close.

"Time is running out to get the virus under control in our city, which is why I urge the government to heed my call and provide us with the extra support we desperately need," Mr Khan said.

Business Secretary Alok Sharma told Sky News there would be no change to the five-day window over Christmas when coronavirus restrictions are relaxed.

“We’ve taken a balanced and proportionate approach,” Mr Sharma said.

Meanwhile, Sweden is being offered help by its Nordic neighbours to cope with an increase in Covid-19 cases that threatens to overwhelm hospitals.

Stockholm reported that 99 per cent of the region’s intensive care beds were full, sending the city into a panic and prompting calls for outside help.

The country’s death toll exceeded 7,500 last week and its death rate per capita is several times higher than that of its Nordic neighbours, but lower than several European countries that opted for lockdowns.

Stockholm is the Swedish region hardest hit by Covid-19, accounting for more than a third of the country's death toll from the virus.

Before Sweden draws on help from Finland and Norway, it will try to use available intensive-care unit capacity in parts of the country that are less burdened.

But neighbouring nations said they were ready to assist by freeing up space for Swedish intensive-care patients.

Sten Rubertsson, staff doctor at the National Board of Health and Welfare, said he was unsure if ICU beds could reach the 1,100 mark from spring without outside help.

“People are exhausted,” Dr Rubertsson said.

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE. 

Read part four: an affection for classic cars lives on

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Read part two: how climate change drove the race for an alternative 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Will the pound fall to parity with the dollar?

The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.

Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.

New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.

“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.

The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.

The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.

Bloomberg

The biog

Hometown: Cairo

Age: 37

Favourite TV series: The Handmaid’s Tale, Black Mirror

Favourite anime series: Death Note, One Piece and Hellsing

Favourite book: Designing Brand Identity, Fifth Edition

The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially
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In 2016, the Shaded Dome was awarded with the 'De Vernufteling' people's choice award, an annual prize by the Dutch Association of Consulting Engineers and the Royal Netherlands Society of Engineers for the most innovative project by a Dutch engineering firm.

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It aims to minimise the impact on the environment by leading by example in its projects in sustainable development and innovation, to become part of the solution to a more sustainable society now and into the future.

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