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The vaccine story

Our viewpoint

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We discuss

At the start of world immunization week show hosts Dan Mikulskis and Mary Spencer take stock with Dr Jonathan Pearson-Stuttard of where we are in the Covid-19 vaccine rollout, reflecting back to the uncertain moments of January 2021. We cover what to look out for in coming weeks, what the medium term future holds and some of the lessons learnt in terms of risk communication and data.

Key takeaways

  • The last year has really highlighted the language and communications used around risk, and how crucial this is. We discuss work from David Spiegelhalter early in the pandemic and the Covid-19 actuaries response group whose work estimating vaccine impact on deaths and hospitalisations become widely cited.
  • Could we be looking at a new conversation / new paradigm around health and vaccinations in particular? Given the positive profile vaccinations have now, and the momentum behind the rollout, might this help get on top of persistent issues for example with MMR vaccine hesitancy?
  • Understanding data has also been vital, there’s been no shortage of numbers but how is it best to look at them?
  • World Immunization week 
  • Our last episode with Jonathan – Covid-19’s most uncertain moment 
  • LCP Health Analytics Covid-19 tracker highlighted some issues ahead of the data followed by the below two trends:
    1. Uptick of national cases driven by London and the South East – early indication of the new “Kent Strain”, picked up around mid-December.
    2. Tiers – did work, lower increases in tier 4 areas pre-lockdown.
  • Relatively early in January that picked up the turning point – in hindsight this proved correct with official estimates but statistical techniques allowed this to be shown earlier.
  • A lot more testing now vs last summer, so it is getting harder to compare the data.
  • Optimistic outlook for here – International differences and travel restrictions will drive measures from here.
  • Hard to see non-quarantined travel beyond Europe – but this goes beyond epidemiological considerations and into the political. 

The most important thing

  • Understanding of risk – it’s all relative. Clinicians, or policymakers weigh up the risk and benefits and what’s being offered. The debate in public health is always what’s the risk, who’s the risk to and what’s the cost of any imposition.

The most underappreciated thing

  • Decisions have been an almost an impossible job. What’s gone under the radar are all the civil servants who have worked tirelessly behind the scenes to inform all the decisions as best they could.
  • It’s shown the civil service in the best light, even if we never get to appreciate it fully.
  • It is underappreciated how rigorously analysed each decision has been, in the knowledge that every decision has been an almost impossible one.

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Each LCP investment uncut podcast is for information and marketing purposes only and does not constitute any form of investment or financial advice or a financial promotion (under the Financial Services and Markets Act 2000). All views expressed by the podcast hosts and guests are purely their own opinions and do not represent those of LCP, its clients or affiliates. Our podcast listeners should always seek independent financial or legal advice before making any financial or investment decisions. Please refer to the Legal Notices section on the LCP website for further information.​

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