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Prime Minister Boris Johnson on Monday announced plans to remove remaining Covid-19 restrictions on July 19 while urging the British public to “exercise judgment when going about our lives”.
Mr Johnson said he would “restore people’s freedoms” in two weeks’ time in England, with social distancing rules scrapped, face masks no longer compulsory, people no longer required to use QR codes and large events in full swing, with no intention to introduce vaccine passports.
The move marks a shift towards citizens' responsibility to manage the risks themselves after 16 months of unprecedented government intervention to bring the virus under control.
Mr Johnson said people must learn to live with Covid-19 as they already do with the flu, meaning infections will rise but hospital admissions and deaths will be limited by vaccine protection.
“Thanks to the successful rollout of our vaccination programme, we are progressing cautiously through our road map,” he said.
“Today we will set out how we can restore people’s freedoms when we reach step 4 [of the road map]. But I must stress that the pandemic is not over and that cases will continue to rise over the coming weeks.
“As we begin to learn to live with this virus, we must all continue to carefully manage the risks from Covid when going about our lives.”
Care Minister Helen Whately said on Monday the final unlocking meant returning to a “much more normal" life.
“The vaccination programme has really weakened the link between people catching the virus, ending up in hospital and sadly the risk of dying”, she told Sky News.
“We do anticipate infections will rise as we open up more and people go about life more like normal, but the important thing is more people getting vaccinated.”
Newly appointed Health Secretary Sajid Javid, who is considered more hawkish on the easing of rules than his predecessor Matt Hancock, will set out the changes in Parliament.
Business leaders including the Heathrow Airport chief executive John Holland-Kaye signed a letter calling on the government to make a decisive statement on what happens after July 19.
"For many months now, employers and employees have dealt with often complex – sometimes mixed – messages tending towards caution where the advice has not been clear cut," the open letter from 50 executives said.
"At this critical moment, we believe that it is essential that the Government is unambiguous in its communications that when the stage four restrictions lift, public transport is safe, offices are safe, and work-from-home is no longer the default. Employers can then move forward with plans for new ways of working, considering the needs of their staff, clients, and customers."
Some scientists criticised plans to remove the mask mandate.
Prof Stephen Reicher from the University of St Andrews in Scotland said he was worried that ministers appeared to be “unconcerned at levels of infection”.
“It is frightening to have a 'Health' Secretary who wants to make all protections a matter of personal choice when the key message of the pandemic is "this isn't an 'I' thing, it's a 'we' thing", he wrote on Twitter.
“Your behaviour affects my health.”
Prof Susan Michie from University College London was also critical.
"Allowing community transmission to surge is like building new 'variant factories' at a very fast rate", she said.
Prof Sir Andrew Pollard, the director of the Oxford Vaccine Group, was more optimistic about the easing of restrictions.
“I think we will reach a point where it’s increasingly difficult, if this link between the cases and the hospitalisations and deaths remains extremely weak or broken, where we can’t get back to normal”, he told BBC’s Radio 4 Today programme earlier on Monday.
“Clearly with infections if you want to completely stop them the only way to do that is to stay at home - and we can’t go on like that.”
The British Medical Association at the weekend urged the government to maintain some restrictions owing to an "alarming" increase in the number of Covid cases driven by the Delta variant, which are nearly at 30,000 a day.
However, the uptake of vaccines in Britain has been strong, with 86 per cent of adults receiving a first dose and 64 per cent receiving two doses as of Sunday.
Data from Public Health England shows that vaccines are highly effective in preventing severe illness and hospital admissions from the Delta variant, the government said.
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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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.”
COMPANY PROFILE
● Company: Bidzi
● Started: 2024
● Founders: Akshay Dosaj and Asif Rashid
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The Sand Castle
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What is cyberbullying?
Cyberbullying or online bullying could take many forms such as sending unkind or rude messages to someone, socially isolating people from groups, sharing embarrassing pictures of them, or spreading rumors about them.
Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.
Parents should watch out for behavioural changes in their children.
When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety
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Starring: Amir El-Masry, Pierce Brosnan
Director: Athale
Rating: 4/5