So far the vaccines seem to work to protect against all the mutations... but that cannot be taken for granted.
Over the next 5 or more years we will see new strains appear and revised vaccines introduced, meaning an annual COVID jab.
The third wave across the EU could throw up another mutation that the existing vaccine doesn't protect from. Should that happen the only thing the UK government can do is follow the New Zealand model, close the borders as best they can until there is a new vaccine
Until all our neighbours have everyone over 16 vaccinated we cannot relax in any way. Even then until the world has been vaccinated there will remain significant risk associated with travel. The free movement of people almost anywhere on the planet we have enjoyed since the late 1960s is, in my view, over for the rest of my lifetime.
Invest in biotech, sell leisure and hospitality travel shares.....
