The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksNEX.L Share News (NEX)

  • There is currently no data for NEX

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UK advisers call for action to stem Covid-19

Mon, 21st Sep 2020 11:31

(Sharecast News) - The UK is on track for more than 200 Covid-19 deaths a day by mid-November unless urgent action is taken to stem the spread of the disease, the government's scientific advisers said.

Patrick Vallance and Chris Whitty, the government's most senior advisers on the pandemic, said infections were doubling every seven days. They said if the rate of infection carried on at the current rate there would be 50,000 cases a day by mid-October resulting in more than 200 deaths a day a month later.

Vallance and Whitty said though the rate of infection varied across the country cases were rising everywhere. One of the most important steps will be to limit contact between households, they said.

The virus is spreading as the UK moves into winter months that make the spread of respiratory diseases easier, Whitty said. This means Britain faces six months of increased threat.

Whitty, England's chief medical officer, said: "This is not someone else's problem; it's all our problem ... The seasons are against us."

In a joint briefing with no questions the advisers said the government would have to act to reduce the infection rate while trying to support the economy. They said this would be a difficult balance to achieve.

"If we do too little this virus will go out of control," Whitty said.

After reopening the economy from June following more than two months of lockdown the government is reluctant to shut down the economy again. Health Secretary Matt Hancock is due to update the House of Commons later on Tuesday. He said on Tuesday morning the government had not finalised its plans after working on them over the weekend.

The FTSE 100 index fell 3.3% to 5,813 at 12:00 BST led by British Airways owner IAG. The more UK-focused FTSE 250 fell 4% to 16,865. Shopping centre operator Hammerson, pub group Mitchells & Butlers and transport companies FirstGroup and National Express were among the biggest fallers.

The government has been criticised for inconsistent messaging that has contributed to people becoming less careful about interacting. Johnson said he wanted "bustle" to return to towns and cities and the government branded the reopening of pubs as "independence day". Chancellor Rishi Sunak's "eat out to help out" meal subsidy has been linked with the rising rate of infections.



More News
12 Oct 2021 09:35

TOP NEWS: Stagecoach merger talks continue; reiterates annual guidance

TOP NEWS: Stagecoach merger talks continue; reiterates annual guidance

Read more
12 Oct 2021 07:44

LONDON MARKET PRE-OPEN: easyJet gets demand boost after UK rules eased

LONDON MARKET PRE-OPEN: easyJet gets demand boost after UK rules eased

Read more
11 Oct 2021 11:48

LIVE MARKETS-European luxury: the Q3 China question

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
11 Oct 2021 11:32

LIVE MARKETS-Expected: a correction before Christmas

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
11 Oct 2021 10:54

LIVE MARKETS-How to spend those 1 trillion euros

* European shares tick down* Miners best performers, up 2.5%* China helps Asian shares edge up* U.S. bond markets shut for Columbus DayOct 11 - Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share ...

Read more
28 Sep 2021 12:12

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

LONDON MARKET MIDDAY: Stocks slide as markets brace for US tapering

Read more
27 Sep 2021 09:31

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

LONDON BROKER RATINGS: Upgrades for Ferrexpo, Go-Ahead and Old Mutual

Read more
21 Sep 2021 16:56

LONDON MARKET CLOSE: Europe ends higher as M&A adds impetus in London

LONDON MARKET CLOSE: Europe ends higher as M&A adds impetus in London

Read more
21 Sep 2021 12:10

LONDON MARKET MIDDAY: Stocks bounce back as markets eye US Fed meeting

LONDON MARKET MIDDAY: Stocks bounce back as markets eye US Fed meeting

Read more
21 Sep 2021 10:57

SMALL-CAP WINNERS & LOSERS: Stagecoach accelerates on merger hopes

SMALL-CAP WINNERS & LOSERS: Stagecoach accelerates on merger hopes

Read more
21 Sep 2021 09:14

UPDATE 2-FTSE 100 recovers 1% on energy, healthcare stock boost; Entain jumps

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Kingfisher top FTSE 100 loser despite positive results* Royal Dutch Shell sells U.S. oilfield assets* Stagecoast surges on merger talks wit...

Read more
21 Sep 2021 08:58

LONDON MARKET OPEN: Pershing Square rises 6% on Universal Music debut

LONDON MARKET OPEN: Pershing Square rises 6% on Universal Music debut

Read more
21 Sep 2021 08:52

UPDATE 2-European shares recover from worst session in two months; UMG soars in debut

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Travel, media, mining, energy stocks lead gains* German shares rebound from two-month lows* Focus on U.S. Fed, other central bank meetings*...

Read more
21 Sep 2021 08:46

TOP NEWS: National Express, Stagecoach plan merger to create bus giant

TOP NEWS: National Express, Stagecoach plan merger to create bus giant

Read more
21 Sep 2021 08:10

LONDON BRIEFING: National Express eyes cost cuts in Stagecoach merger

LONDON BRIEFING: National Express eyes cost cuts in Stagecoach merger

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.