Scientist says UK is close to third wave
May 31, 2021, 4:28 pm

Scientist says UK is close to third wave

There are signs the UK is in the early stages of a third wave of coronavirus infections, a scientist advising the government has said.

Prof Ravi Gupta, from the University of Cambridge, said although new cases were "relatively low" the Indian variant had fuelled "exponential growth".

He said ending Covid restrictions in England on 21 June should be postponed.

Environment Secretary George Eustice said the government could not rule out a delay to the planned lockdown easing.

But business leaders have warned of the harmful impact of any change to the proposed dates.

On Monday, the UK reported more than 3,000 new Covid infections for a sixth day in a row.

Prior to this, the UK had not surpassed that number since 12 April.

No deaths within 28 days of a positive test were reported in England, Wales or Northern Ireland - but one death was reported in Scotland.

Prof Gupta told BBC Radio 4's Today programme the UK was already in a third wave of infections and at least three quarters of cases were the variant identified in India.

He said: "Of course the numbers of cases are relatively low at the moment - all waves start with low numbers of cases that grumble in the background and then become explosive, so the key here is that what we are seeing here is the signs of an early wave."

However, he said the number of people who had been vaccinated in the UK meant this wave would probably take longer to emerge than previous ones.

"There may be a false sense of security for some time, and that's our concern."

The final stage of the government's roadmap for lifting lockdown would remove all limits on how many people you can meet - either indoors or outdoors.

But Prof Gupta - a member of the government's New and Emerging Respiratory Virus Threats Advisory Group (Nervtag) - said ending restrictions in June should be delayed "by a few weeks whilst we gather more intelligence".

"If you look at the costs and benefits of getting it wrong, I think it is heavily in favour of delay, so I think that's the key thing," he added.

Businesses on 'cliff edge'

Kate Nicholls, chief executive of UK Hospitality, told BBC News it would be "devastating" for the sector if they were not able to fully reopen in June, with many hospitality venues currently operating at 60% capacity because of social distancing rules.

She said some businesses were "haemorrhaging cash" and a delay would "push them closer to the cliff edge of business failure".

Greg Parmley, chief executive of live music trade association Live, said the whole sector - from festivals to small venues - was "completely geared up" for a return from 21 June after being closed for more than a year.

He said the government's series of trial events had shown "music events can be held safely, with almost no Covid impact, so there is no reason to keep us closed any longer".

Mr Eustice told the BBC the government had to take things "one step at a time".

"We can't rule anything out. We know this has been a difficult pandemic, a dynamic situation. We have to make that judgment a couple of weeks before.

"It will only be by then that we will see the impact of the latest easement we made on 17 May."

The timetable for relaxing Covid measures varies across the UK. The Scottish government hopes to lift more restrictions on 7 June, while in Wales there is due to be a review on 3 June. In Northern Ireland some measures were relaxed on 24 May - the next review is due on 10 June.

A final decision on whether restrictions will be lifted in England will be reached on 14 June.

The Indian variant - known as B.1.617.2 - is thought to spread more quickly than the Kent variant, which was responsible for the surge in cases in the UK over the winter.

In some areas of England - including in Bolton, Blackburn, and Sefton in north-west England and Bedford, Chelmsford and Canterbury in the South East - the Indian variant is causing the majority of infections.

Dr Helen Wall, senior responsible officer for the vaccine programme in Bolton, said the rise in cases in the town was slowing but many of the areas with the highest increases had very young populations, and getting more of those vaccinated would help tackle the rise.

In England, people aged over 30 are currently able to book to get the vaccine.

Twickenham Stadium in south-west London has been turned into a vaccine walk-in centre for locals for the day, in a drive to try to boost vaccinations.

Organisers announced in the afternoon that they would be offering vaccines to anyone aged over 18 until the end of the day.

In other developments:

• Tighter rules for travellers from the UK have come into force in France in response to the spread of the Indian variant, meaning only EU nationals, French residents, or those travelling for essential reasons can enter

• Scotland's Health Secretary Humza Yousaf has warned restrictions may not be relaxed further next week in parts of Scotland where infections are rising

Holiday let firms in Wales are predicting a bumper summer as they are "blown away by demand" for bookings

• And the UK economy's recovery from the pandemic is set to be stronger than previously thought, the Organisation for Economic Co-operation and Development has suggested

BBC NEWS, 31 May 2021, 08:31 BST

Photograph Copyright PA MEDIA

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.