COVID cases could hit 100,000 a day, Health Secretary Sajid Javid has warned – but he confirmed England will not yet move to the government’s plan B for dealing with pressures on hospitals this winter.
Speaking at a Downing Street news conference on Wednesday, Mr Javid cautioned that the coronavirus pandemic “is not over”.
“Thanks to the vaccination programme, the link between hospitalisations and deaths has significantly weakened, but it’s not broken,” the health secretary said.
“So we must all remember that this virus will be with us for the long term and remains a threat to our loved ones, and a threat to the progress that we’ve made in getting our nation closer to normal life.”
Image: The health secretary urged people to get COVID booster jabs
On Wednesday, the UK recorded 49,139 new COVID-19 cases – the eighth day in a row that infections have been above 40,000 – and 179 deaths within 28 days of a positive test.
Mr Javid said that current COVID deaths “remain mercifully low” – an assertion later questioned by one SAGE scientist – and the health secretary added he does not believe the current pressures on the NHS are “unsustainable”.
Mr Javid previously warned of coronavirus cases reaching 100,000 a day this summer ahead of COVID restrictions being lifted on “freedom day”.
Although cases did later rise to a summer peak of around 60,000 in one day in mid-July, they subsequently began to fall.
However, a recent rise in cases has led to calls for ministers to enact plan B of their autumn and winter COVID response strategy.
Under the government’s plan B, contingency measures could include the reintroduction of a legal requirement to wear face coverings in some settings; the potential introduction of COVID vaccine passports; and the possible return of the work from home command.
But Mr Javid said he would not yet be reintroducing COVID measures in England.
“We’re looking closely at the data and we won’t be implementing our plan B of contingency measures at this point,” he told the news conference.
“But we’ll be staying vigilant, preparing for all eventualities, while strengthening our vital defences that can help us fight back against this virus.”
The health secretary also urged people to take “little steps” that would make a “big difference”.
These include meeting others outdoors where possible, ensuring good ventilation, voulntarily wearing masks in crowded spaces and taking lateral flow tests.
Please use Chrome browser for a more accessible video player
‘Landmark’ antiviral deals announced
“We’ve come so far thanks to the efforts of so many, but with winter ahead, we can’t blow it now,” Mr Javid said.
He also appeared to link the possible reintroduction of COVID measures this winter to the success of the booster jabs programme in the coming weeks.
The health secretary said that getting a top-up vaccination – which are being made available to the most vulnerable and over-50s – was “not just to save lives, but to keep your freedoms too”.
“Because all of these precious moments that we’ve been able to restore over the past few months – the loved ones we’ve been able to see and the collective experiences we’ve been able to share – they’ve been possible thanks to our vaccination programme and because so many of you came forward when it was your time,” he added.
“If we want to secure these freedoms for the long-term than the best thing we can do is come forward once again when that moment comes.
“After the decisive steps that we’ve taken this year, none of us want to go backwards now.”
Urging people to get vaccinated against both COVID and flu, Mr Javid said: “If we all play our part, then we can give ourselves the best possible chance in this race, get through this winter, and enjoy Christmas with our loved ones.”
Professor Stephen Powis, the national medical director of NHS England, said the health service was “very, very busy indeed” but added there was no one number of COVID admissions to hospitals that would trigger fresh interventions.
“What’s happening in one part of the country might not be happening in another part of the country,” he told the news conference.
“That’s been typical of the pandemic over the last 18 months and it’s possible that we will see that variation again.”
Dr Jenny Harries, the chief executive of the UK Health Security Agency, said the country was going into winter with a “really high level” of COVID cases.
“What we can see is that the cases now are almost as high as they were in July and actually not far off where they were last winter,” she said.
“What we are not seeing is that dip down again at the other side of the peak and that is really important because we are kicking off the winter at a really high level of cases.
“Fortunately that is not currently working through into serious disease and deaths.”
Please use Chrome browser for a more accessible video player
Sajid Javid is asked why Tory MPs were not wearing face masks during Prime Minister’s Questions
The antiviral drugs, if approved by the medicines regulator, are expected to be given to those most at risk from the virus, helping to reduce the severity of symptoms and ease pressure on the NHS.
Amid mounting concern about rising cases, Matthew Taylor, chief executive of the NHS Confederation which represents health bodies, has warned the country risks “stumbling into a winter crisis”.
And he has called on the government to enact “Plan B” of its strategy for coping with autumn and winter pressures on hospitals “without delay”.
Mr Taylor also called for a “plan C” to be outlined to health leaders, should the measures in Plan B prove to be “insufficient”.
Labour’s shadow health secretary Jonathan Ashworth accused Mr Javid of “complacency” at the Downing Street news conference.
“The so-called wall of defence against Covid is crumbling and today we needed a plan to rebuild it,” he said.
Responding to Mr Javid’s assertion that current COVID deaths “remain mercifully low”, SAGE member Professor Susan Michie posted on Twitter: “What kind of mercy is this?”
A New York jury was unable to reach a verdict in the case of Anton and James Peraire-Bueno, the MIT-educated brothers accused of fraud and money laundering related to a 2023 exploit of the Ethereum blockchain that resulted in the removal of $25 million in digital assets.
In a Friday ruling, US District Judge Jessica Clarke declared a mistrial in the case after jurors failed to agree on whether to convict or acquit the brothers, Inner City Press reported.
The decision came after a three-week trial in Manhattan federal court, resulting in differing theories from prosecutors and the defense regarding the Peraire-Buenos’ alleged actions involving maximal extractable value (MEV) bots.
A MEV attack occurs when traders or validators exploit transaction ordering on a blockchain for profit. Using automated MEV bots, they front-run or sandwich other trades by paying higher fees for priority.
In the brothers’ case, they allegedly used MEV bots to “trick” users into trades. The exploit, though planned by the two for months, reportedly took just 12 seconds to net the pair $25 million.
In closing arguments to the jury this week, prosecutors argued that the brothers “tricked” and “defrauded” users by engaging in a “bait and switch” scheme, allowing them to extract about $25 million in crypto. They cited evidence suggesting that the two plotted their moves for months and researched potential consequences of their actions.
“Ladies and gentlemen, bait and switch is not a trading strategy,” said prosecutors on Tuesday, according to Inner City Press. “It is fraud. It is cheating. It is rigging the system. They pretended to be a legitimate MEV-Boost validator.”
In contrast, defense lawyers for the Peraire-Buenos pushed back against the US government’s theory of the two pretending to be “honest validators” to extract the funds, though the court ultimately allowed the argument to be presented to the jury.
“This is like stealing a base in baseball,” said the defense team on Tuesday. “If there’s no fraud, there’s no conspiracy, there’s no money laundering.”
What’s at stake for the crypto industry following the verdict?
Though the case ended without a verdict, the mistrial has left the crypto industry divided, with many observers debating the legal and technical implications of treating MEV-related activity as a potential criminal offense. Crypto advocacy organization Coin Center filed an amicus brief on Monday after opposition from prosecutors.
“I don’t think what’s in the indictment constitutes wire fraud,” said Carl Volz, a partner at law firm Gunnercooke, in a Monday op-ed for DLNews. “A jury could conclude differently, but if it does, it’ll be because the brothers googled stupidly and talked too much, for too long, with the wrong people.”
The shutdown of the US government entered its 38th day on Friday, with the Senate set to vote on a funding bill that could temporarily restore operations.
According to the US Senate’s calendar of business on Friday, the chamber will consider a House of Representatives continuing resolution to fund the government. It’s unclear whether the bill will cross the 60-vote threshold needed to pass in the Senate after numerous failed attempts in the previous weeks.
Amid the shutdown, Republican and Democratic lawmakers have reportedly continued discussions on the digital asset market structure bill. The legislation, passed as the CLARITY Act in the House in July and referred to as the Responsible Financial Innovation Act in the Senate, is expected to provide a comprehensive regulatory framework for cryptocurrencies in the US.
Although members of Congress have continued to receive paychecks during the shutdown — unlike many agencies, where staff have been furloughed and others are working without pay — any legislation, including that related to crypto, seems to have taken a backseat to addressing the shutdown.
At the time of publication, it was unclear how much support Republicans may have gained from Democrats, who have held the line in demanding the extension of healthcare subsidies and reversing cuts from a July funding bill.
Is the Republicans’ timeline for the crypto bill still attainable?
Wyoming Senator Cynthia Lummis, one of the market structure bill’s most prominent advocates in Congress, said in August that Republicans planned to have the legislation through the Senate Banking Committee by the end of September, the Senate Agriculture Committee in October and signed into law by 2026.
Though reports suggested lawmakers on each committee were discussing terms for the bill, the timeline seemed less likely amid a government shutdown and the holidays approaching.
Japan’s financial regulator, the Financial Services Agency (FSA), endorsed a project by the country’s largest financial institutions to jointly issue yen-backed stablecoins.
In a Friday statement, the FSA announced the launch of its “Payment Innovation Project” as a response to progress in “the use of blockchain technology to enhance payments.” The initiative involves Mizuho Bank, Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, Mitsubishi Corporation and its financial arm and Progmat, MUFG’s stablecoin issuance platform.
The announcement follows recent reports that those companies plan to modernize corporate settlements and reduce transaction costs through a yen-based stablecoin project built on MUFG’s stablecoin issuance platform Progmat. The institutions in question serve over 300,000 corporate clients.
The regulator noted that, starting this month, the companies will begin issuing payment stablecoins. The initiative aims to improve user convenience, enhance Japanese corporate productivity and innovate the local financial landscape.
The participating companies are expected to ensure that users are protected and informed about the systems they use. “After the completion of the pilot project, the FSA plans to publish the results and conclusions,” the announcement reads.
The announcement follows the Monday launch of Tokyo-based fintech firm JPYC’s Japan-first yen-backed stablecoin, along with a dedicated platform. The company’s president, Noriyoshi Okabe, said at the time that seven companies are already planning to incorporate the new stablecoin.
Recently, Japanese regulators have been hard at work setting new rules for the cryptocurrency industry. So much so that Bybit, the world’s second-largest crypto exchange by trading volume, announced it will pause new user registrations in the country as it adapts to the new conditions.
Local regulators seem to be opening up to the industry. Earlier this month, the FSA was reported to be preparing to review regulations that could allow banks to acquire and hold cryptocurrencies such as Bitcoin (BTC) for investment purposes.
At the same time, Japan’s securities regulator was also reported to be working on regulations to ban and punish crypto insider trading. Following the change, Japan’s Securities and Exchange Surveillance Commission would be authorized to investigate suspicious trading activity and impose fines on violators.