Britain could become the first country to emerge from the coronavirus pandemic due to its very high vaccination and infection rates, a leading scientist has said.
Prof David Heymann, who helped to defeat a 1970s Ebola outbreak in Africa, said the UK has effectively been coping with the virus since the summer of last year, with vaccines and widely available self-testing kits.
His assessment will be welcomed by Boris Johnson, the embattled British Prime Minister, especially as the government is seeking to lift its Plan B restrictions towards the end of January.
But Prof Heymann did warn that in an effort to “self-perpetuate”, the virus was infecting more young children and he could not rule out other more virulent variants, although future strains were likely to reflect the milder Omicron mutation.
The US-born London School of Hygiene and Tropical Medicine scientist said that of all the Northern Hemisphere countries, Britain was the most advanced in living with Covid-19.
“The UK is the closest to any country in being out of the pandemic if it isn’t already out of the pandemic and having the disease as endemic,” he said.
Britain has the world’s fourth highest infection rate with more than 14 million people contracting Covid-19, and has the second-highest booster rate behind Chile, with 60 per cent of adults receiving a third shot.
“That population immunity seems to be keeping the virus and its variants at bay, not causing serious illness or death,” he told Chatham House think tank's online seminar.
The most recent Office for National Statistics report on population immunity also estimated that 95 per cent of the population in England has antibodies.
“It’s now functioning more like an endemic coronavirus than one that is a pandemic,” Prof Heymann said.
The leading infectious disease expert stated that many people who were getting seriously ill had not had previous infection and had not gained immunity from a vaccine.
“If you look in the intensive care units, you’ll see that unfortunately the majority of those people are not vaccinated,” he said.
A key reason why Britain was able to live with Covid came from having massive numbers of self-testing kits available, giving the public the ability to do their own health assessments.
“This is not happening in many, many other countries, but it is certainly happening in the UK and that's one of the strategies that, in my view has been quite successful in helping people do their own risk assessment,” Prof Heymann said.
There has been speculation — denied by Downing Street — that the government might end free testing that has so far cost £6 billion ($8.14bn).
There was also growing evidence that the virus is increasingly infecting children because of the adult population immunity in Britain.
“It's causing illness in children, possibly more than it did in the past,” he said. “Children are the only population now where the virus can find a welcome home because they haven't had infection previously … because there's nowhere else that it can transmit in an effort to perpetuate itself.”
Prof Heymann, 76, who has worked for the World Health Organisation, said that “big issue today” was understanding “long Covid”, with people fatigued for months or suffering cardiac arrhythmias. He said that vaccines could potentially protect people against long Covid.
The expert said there would be resurgences of Covid in the future and more variants will arise, though it was not clear of what severity.
“We’re fortunate in that we have vaccines which can be modified very rapidly, and put into production very rapidly to deal with an escapee,” he said.
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
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What vitamins do we know are beneficial for living in the UAE
Vitamin D: Highly relevant in the UAE due to limited sun exposure; supports bone health, immunity and mood.
Vitamin B12: Important for nerve health and energy production, especially for vegetarians, vegans and individuals with absorption issues.
Iron: Useful only when deficiency or anaemia is confirmed; helps reduce fatigue and support immunity.
Omega-3 (EPA/DHA): Supports heart health and reduces inflammation, especially for those who consume little fish.
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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.”
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Other must-tries
Tomato and walnut salad
A lesson in simple, seasonal eating. Wedges of tomato, chunks of cucumber, thinly sliced red onion, coriander or parsley leaves, and perhaps some fresh dill are drizzled with a crushed walnut and garlic dressing. Do consider yourself warned: if you eat this salad in Georgia during the summer months, the tomatoes will be so ripe and flavourful that every tomato you eat from that day forth will taste lacklustre in comparison.
Badrijani nigvzit
A delicious vegetarian snack or starter. It consists of thinly sliced, fried then cooled aubergine smothered with a thick and creamy walnut sauce and folded or rolled. Take note, even though it seems like you should be able to pick these morsels up with your hands, they’re not as durable as they look. A knife and fork is the way to go.
Pkhali
This healthy little dish (a nice antidote to the khachapuri) is usually made with steamed then chopped cabbage, spinach, beetroot or green beans, combined with walnuts, garlic and herbs to make a vegetable pâté or paste. The mix is then often formed into rounds, chilled in the fridge and topped with pomegranate seeds before being served.
UAE currency: the story behind the money in your pockets
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Tips to keep your car cool
- Place a sun reflector in your windshield when not driving
- Park in shaded or covered areas
- Add tint to windows
- Wrap your car to change the exterior colour
- Pick light interiors - choose colours such as beige and cream for seats and dashboard furniture
- Avoid leather interiors as these absorb more heat