UK Inflation has risen sharply since the start of 2022 and dominates the media and politics today. It is now having knock on effects, most notably on wage rises which are lagging behind inflation. The aftermath of the COVID19 induced recession continues to be considerable economic uncertainty.
Whilst COVID19 was ravaging the world in 2020 & 2021, I felt there was little point in updating my quarterly UK Economy Tracker. Now the pandemic over in the UK, it’s time to see how much damage the pandemic did to the economy. Going forward, the future is very uncertain but I hope by placing the latest data in the context of the past, I can discern what pointers I should keep an eye on.
The COVID19 pandemic is not yet over but with vaccinations starting to ramp up worldwide, an end may be in sight. At that point, an in-depth comparison of countries is likely to take place. To get ahead of that debate with the respect to the UK, I have been comparing the UK’s COVID19 statistics with a number of countries to see how much of an outlier the UK has been.
An unfortunate side effect of COVID19 has been ugly political debates over the best way to tackle the pandemic. Often politicians will claim because country X does this, the UK should be doing it as well. I decided it was time to do a proper comparison of the UK with other countries to see what extent the UK is an outlier and whether there are some countries we should be using as templates.
Last updated on 27th September 2020 but downloadable spreadsheet in section 3a was updated on 19th October 2020. I will update the post when I get the time!
The latest data for COVID19 (Coronavirus) cases in England as of Saturday 26th September 2020 shows the number of people testing positive for COVID19 is up 60% from a week ago but this masks extreme regional disparities that make the national trend meaningless. The North is in the grip of a second wave unlike the South which is not. Unless recent trends in the North abate, the scenario of 50k positive tests per day by the end of October recently postulated by the Chief Scientific Officer remains feasible.
During the first wave of the COVID19 epidemic, the daily number of deaths published by Public Health England (PHE) has been the main headline in the news. On 17th July, Matt Hancock, Secretary of State for Health, called for a review of this time series after a blog published by Yoon Loke & Carl Heneghan of Oxford University questioned whether definition used by this time series was appropriate. I myself had noticed a change in the PHEr time series in my tracker of COVID19 deaths in England but I hadn’t understood why this might have been the case. After looking at the data again in more detail, I have concluded that this time series is overestimating the number of deaths by 42 +/- 13 per day since the 23rd May and it needs to be revised otherwise it will create confusion should a second wave come.
Last updated on 25th July 2020 – future updates will be infrequent.
The latest data for deaths due to COVID19 (Coronavirus) in England as of Friday 24th July 2020 show that the first wave of the pandemic is now over when one looks as excess deaths. People will still be dying of COVID19 for weeks yet but the overall number of excess deaths is now negative.
In many countries across the world, the total effect of the Coronavirus pandemic is now being measured using the concept of Excess Deaths. However, publication of such data by the Office of National Statistics for England is up to 2 weeks slower than the daily deaths published by Public Health England. In this post, I update my model which uses the PHE series to estimate what the ONS will publish for excess deaths in England on Tuesday 30th June.
In many countries across the world, the total effect of the Coronavirus pandemic is now being measured using the concept of Excess Deaths. However, publication of such data by the Office of National Statistics for England is up to 2 weeks slower than the daily deaths published by Public Health England. In this post, I update my model which uses the PHE series to estimate what the ONS will publish for excess deaths in England on Tuesday 23rd June.
After 3 general elections with severe polling errors, the UK opinion pollsters redeemed themselves in the 2019 UK General Election with their most accurate performance since 1955. I base this statement on data provided by Mark Pack who has systematically recorded every opinion poll published since 1945. The challenge now for the industry is to maintain this level of performance for the next election which may be easier said than done given that 5 out of the last 8 elections have experienced a major polling error.