[P]harmaceutical giant AstraZeneca announced a $1.2 billion deal with the US government to produce 400 million doses of the unproven coronavirus vaccine first produced in Prof Hill’s Oxford lab.
Meanwhile, the British Government has agreed to pay for up to 100 million doses, adding that 30 million may be ready for UK citizens by September.
Project leader Prof Hill warns against ‘over-promising’, as vaccine success is far from guaranteed
Oxford Universtity
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The Oxford University vaccine tipped as a “front runner” in the race to develop a coronavirus jab does not stop the virus in monkeys and may only be partially effective, experts have warned.
- All of the vaccinated monkeys treated with the Oxford vaccine became infected.
- Vaccine data suggests that the jab may not be able to prevent the spread of the virus between infected individuals.
A decade of painstaking fiscal repair-work was undone within the first few hours; and that was just the start. The direct cost of Britain’s stimulus package is £70 billion which, as Alok Sharma, the Business Secretary, confirmed on Friday, is considerably higher than in other countries.
The indirect costs are harder to assess, but will surely be gargantuan. The first nine days of the crisis pushed half a million more people onto the dole, wiping out five years of rising employment. With every day that our shops remain shut, the benefits bill will rise – just as tax revenues dry up.
I don’t think we yet understand how vast a hit we are taking. It has become commonplace to compare the coronavirus to the Second World War, but our domestic economy continued to function even at the height of the Blitz. Shops, pubs and schools stayed open, and cinemas were closed for only two weeks.