A man walks his dog past a poster promoting the coronavirus disease testing at local mobile test centres in London. Reuters
A man walks his dog past a poster promoting the coronavirus disease testing at local mobile test centres in London. Reuters
A man walks his dog past a poster promoting the coronavirus disease testing at local mobile test centres in London. Reuters
A man walks his dog past a poster promoting the coronavirus disease testing at local mobile test centres in London. Reuters

UK faces coronavirus surge if track-and-trace plans fail


Paul Peachey
  • English
  • Arabic

The UK must improve its Covid-19 tracing programme amid fears that a second wave of the virus could be twice as bad as the first, researchers said.

A study found that reopening British schools as planned in September must be accompanied by an effective trace, track and isolate programme to keep infections down.

Without sufficient coverage of a test-trace-isolate strategy the UK risks a serious second epidemic peak either in December or February

The UK has suffered more than 46,000 deaths during the pandemic, putting it below only the US, Brazil and Mexico, according to a tally by Johns Hopkins University.

Researchers from University College London and the London School of Hygiene & Tropical Medicine found that three quarters of people with the disease would need to be diagnosed and isolated and two thirds of their contacts traced if schools returned full-time in September.

If the level of contact tracing fell below that threshold in the UK while schools reopened full-time and control measures were eased, a secondary wave of Covid-19 would peak in December, according to a report in The Lancet Child & Adolescent Health journal

The authors issued a warning that a secondary wave of infections could be two to 2.3 times the size of the original outbreak.

Dr Jasmina Panovska-Griffiths, who led the study, said: “Our modelling suggests that with a highly effective test and trace strategy in place across the UK, it is possible for schools to reopen safely in September.

“However, without sufficient coverage of a test-trace-isolate strategy the UK risks a serious second epidemic peak either in December or February.”

The study was published as British former prime minister Tony Blair’s think tank called for more testing and transparency to limit the impact of the government’s quarantine policy on international arrivals.

The think tank said the measures, which require international passengers arriving from certain countries to quarantine for 14 days, risk further grinding the travel industry to a halt.

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Gallery: Coronavirus around the world

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Which honey takes your fancy?

Al Ghaf Honey

The Al Ghaf tree is a local desert tree which bears the harsh summers with drought and high temperatures. From the rich flowers, bees that pollinate this tree can produce delicious red colour honey in June and July each year

Sidr Honey

The Sidr tree is an evergreen tree with long and strong forked branches. The blossom from this tree is called Yabyab, which provides rich food for bees to produce honey in October and November. This honey is the most expensive, but tastiest

Samar Honey

The Samar tree trunk, leaves and blossom contains Barm which is the secret of healing. You can enjoy the best types of honey from this tree every year in May and June. It is an historical witness to the life of the Emirati nation which represents the harsh desert and mountain environments

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.”

Results
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Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
The biog

Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha

Favourite book: One Hundred Years of Solitude

Holiday destination: Sri Lanka

First car: VW Golf

Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters

Driverless cars or drones: Driverless Cars

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

The Word for Woman is Wilderness
Abi Andrews, Serpent’s Tail

Results

Ashraf Ghani 50.64 per cent

Abdullah Abdullah 39.52 per cent

Gulbuddin Hekmatyar 3.85 per cent

Rahmatullah Nabil 1.8 per cent