A single dose of a Covid-19 vaccine can cut the spread of the virus in households by up to half, a British study shows.
The Public Health England research offers insight into one of the big unknowns over Covid-19 vaccinations – the extent to which they prevent transmission of the coronavirus .
The results could strengthen the case for Prime Minister Boris Johnson's plans to end England's lockdown in June.
But scientists warned against making a "big mistake" by dropping Covid-19 restrictions too early based mainly on the success of vaccines, while former prime minister Tony Blair's think tank recommended inoculating adolescents and delaying the UK's final step out of lockdown until after summer.
People who received a first dose of vaccines developed by either AstraZeneca or Pfizer – and became infected three weeks later – were between 38 per cent and 49 per cent less likely to pass the disease on to those in their household compared with those who were unvaccinated.
The study showed a single shot could stop a vaccinated person developing symptomatic infection initially, and the risk reduced by 60 per cent to 65 per cent from four weeks after one dose of either vaccine.
Dr Mary Ramsay, head of immunisation at PHE, said the study showed vaccines were vital for “helping us return to a normal way of life”.
“Not only do vaccines reduce the severity of illness and prevent hundreds of deaths every day, we now see they also have an additional impact on reducing the chance of passing Covid-19 on to others,” she said.
Prof Peter Openshaw from Imperial College London said the study's results were "very reassuring" but warned the UK it could not rely solely on vaccines to reduce the spread of the virus.
"We mustn't drop our guard in the summer – we must use the summer to strengthen our precautions and to roll out vaccines into the groups which are most transmitting, which is younger people," he told the BBC Radio 4 Today programme on Wednesday.
"We’re doing the right thing by being cautious and not easing too fast. Easing too fast will be a big mistake, we don’t want to lose all the ground we’ve gained by massive public effort."
A new report from the Tony Blair Institute on Wednesday warned the UK's final lockdown easing on June 21 – when most social distancing restrictions are lifted –could overtake the vaccination schedule.
The think tank recommended delaying step four of the roadmap by a month to allow adolescents to be vaccinated.
In the US, people aged 16 and older are eligible for a vaccine but in the UK it is limited to over-18s.
"On its own, delaying step four could leave the country under-protected for a recurrence later in the year as the virus may spread more readily in winter," the institute said.
"Offering a vaccine to a further 6.8 per cent of the population could be critical in taking population protection levels over the winter herd immunity threshold, thereby preventing a further wave of infections in the new year."
Health Secretary Matt Hancock emphasised the importance of the vaccination programme while addressing the PHE study.
"We already know vaccines save lives and this study is the most comprehensive real-world data showing they also cut transmission of this deadly virus," he said.
The study included more than 57,000 contacts from 24,000 households in which there was a lab-confirmed case that had received a vaccination, researchers said, compared with nearly 1 million contacts of unvaccinated cases.
Britain's Covid-19 vaccination campaign is one of the world's fastest, with more than 33.8 million first doses given and a quarter of adults receiving two.
That has generated real-world data on how the Pfizer and AstraZeneca drugs work outside of clinical trials, and health officials said this month the distribution of vaccines had prevented more than 10,000 deaths of people aged 60 and older by the end of March.
Previous data that showed effectiveness of vaccines in older people helped to inform other countries that reversed age limits on AstraZeneca's shot.
How the UAE gratuity payment is calculated now
Employees leaving an organisation are entitled to an end-of-service gratuity after completing at least one year of service.
The tenure is calculated on the number of days worked and does not include lengthy leave periods, such as a sabbatical. If you have worked for a company between one and five years, you are paid 21 days of pay based on your final basic salary. After five years, however, you are entitled to 30 days of pay. The total lump sum you receive is based on the duration of your employment.
1. For those who have worked between one and five years, on a basic salary of Dh10,000 (calculation based on 30 days):
a. Dh10,000 ÷ 30 = Dh333.33. Your daily wage is Dh333.33
b. Dh333.33 x 21 = Dh7,000. So 21 days salary equates to Dh7,000 in gratuity entitlement for each year of service. Multiply this figure for every year of service up to five years.
2. For those who have worked more than five years
c. 333.33 x 30 = Dh10,000. So 30 days’ salary is Dh10,000 in gratuity entitlement for each year of service.
Note: The maximum figure cannot exceed two years total salary figure.
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.
Ordinary Virtues: Moral Order in a Divided World by Michael Ignatieff
Harvard University Press
Points tally
1. Australia 52; 2. New Zealand 44; 3. South Africa 36; 4. Sri Lanka 35; 5. UAE 27; 6. India 27; 7. England 26; 8. Singapore 8; 9. Malaysia 3
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UAE currency: the story behind the money in your pockets
Indoor Cricket World Cup Dubai 2017
Venue Insportz, Dubai; Admission Free
Fixtures - Open Men 2pm: India v New Zealand, Malaysia v UAE, Singapore v South Africa, Sri Lanka v England; 8pm: Australia v Singapore, India v Sri Lanka, England v Malaysia, New Zealand v South Africa
Fixtures - Open Women Noon: New Zealand v England, UAE v Australia; 6pm: England v South Africa, New Zealand v Australia
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More from Rashmee Roshan Lall
'Moonshot'
Director: Chris Winterbauer
Stars: Lana Condor and Cole Sprouse
Rating: 3/5
'Midnights'
%3Cp%3E%3Cstrong%3EArtist%3A%3C%2Fstrong%3E%20Taylor%20Swift%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ELabel%3A%3C%2Fstrong%3E%20Republic%20Records%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs
Engine: 3.8-litre twin-turbo V8
Power: 611bhp
Torque: 620Nm
Transmission: seven-speed automatic
Price: upon application
On sale: now