In this case, the UK government has reversed a previous decision regarding the 2009-2010 European Pandemrix vaccine for swine flu and its link to narcolepsy , a sleep disorder that can seriously disrupt activities of daily living. As a result, per The Guardian : The Department for Work and Pensions (DWP) has contacted people turned down for compensation last year to explain that, after a review of fresh evidence, it now accepts the vaccine can cause the condition. The move leaves the government open to compensation claims from around 100 people in Britain, and substantial legal fees if a group action drawn up by solicitors is successful. According to the Guardian, heres why the UK is taking this step: The government U-turn follows a major study of four- to 18-year-olds by the Health Protection Agency which found that around one in every 55,000 jabs was associated with narcolepsy. A spokesman for (vaccine maker) GSK said it had details of around 900 people from 14 countries who had narcolepsy and were vaccinated. Emphasis mine. Its a good example of drawing new conclusions based on new information, otherwise known as the appropriate conduct of science, and then doing the right thing. A total of 100 people among 6 million who received this vaccination in the UK developed narcolepsy, for an adverse event rate of 0.0017%. The death rate from the swine flu in the UK was 0.026% . Put another way, 26 of every 100,000 people who had the flu died; 1.67 people of every 100,000 (1 in every 55,000 according to the study) receiving the vaccine developed narcolepsy. In addition, the vaccine in question evidently was given to groups at high risk for adverse events from contracting the swine flu. The Pandemrix vaccine is no longer in use and was applied for that specific pandemic. One of its ingredients was an adjuvant, intended to enhance the immune response, called ASO3.
UK investors over-charged by funds, campaigners say
Research by the True and Fair Campaign, which lobbies for clearer charging by fund managers, shows around 40 percent of a typical UK equities fund is effectively a copy of weightings in the overall stock market. However, investors are often paying for “active” fund managers who aim to outsmart competitors and beat benchmarks. These funds can cost up to three times the fees for passive funds that merely match the market and are commonly used as a cheap way to access an asset class or sector. This could have cost British investors 3 billion pounds in excess charges over the last five years, according to the report. The True and Fair Campaign is spearheaded by Alan and Gina Miller who run SCM Partners, a boutique wealth manager that invests client money into exchange traded funds, tracking indexes. They have become prominent critics of charging structures in investment management and last year launched a campaign to impose a standardised code for disclosure of fees. According to their latest report, nearly half of the British fund industry is guilty of “closet indexing”. Investors are largely unaware of this, Gina Miller said, because of a lack of transparency in the funds industry. “Because UK funds only have to report what they own once a year, most investors will be unaware that in many cases they are often misled into buying something which turns out to be just an illusion,” she said. The Investment Management Association was not immediately available for comment. (Reporting by Chris Vellacott; Editing by Mark Potter)
UK Reverses Swine Flu Vaccine-Narcolepsy Decision
Sterling was down 0.1 percent at $1.6018, with traders reporting demand to sell the currency at levels above $1.60. The pound has edged lower since hitting an eight-month peak of $1.6164 on September 18 when the U.S. Federal Reserve unexpectedly opted to keep its stimulus intact. Two more BoE policymakers, David Miles and Paul Tucker, were scheduled to speak at 1030 and 1245 GMT respectively. Their comments will be scrutinised for their reaction to recent strong UK data and for whether they make any attempt to temper growing market expectations that the central bank will have to raise interest rates earlier than it has flagged. “North of $1.60 seems a little toppy … The burden of impetus on UK data is ever higher to maintain sterling at these levels,” said Jeremy Stretch, currency strategist at CIBC. He added that the Broadbent comments had marginally helped lift short sterling futures and weighed on the pound. However, he said the comments sent mixed signals as Broadbent also defended the BoE’s decision to tie interest rates to the labour market, which has shown signs of improvement recently. Against the euro, the pound also fell. The euro was up 0.2 percent at 84.28 pence, with traders reporting bids above 84.00 pence. The euro showed little impact against the pound despite below-forecast German Ifo sentiment data.
British Council Holds the First Education UK Exhibition (EDUKEX) in Jordan
Markets open in 9 mins. British Council Holds the First Education UK Exhibition (EDUKEX) in Jordan Press Release: British Council 4 hours ago Print AMMAN, Jordan, September 24, 2013 /PRNewswire/ — 29 universities from the United Kingdom and over 700 Jordanians participated in the first Education UK Exhibition (EDUKEX) in Jordan, organised by the British Council, showcasing the extensive number of courses and higher education institutions available to Jordanian students seeking to go to university in the UK. (Photo: ) EDUKEX was held to provide Jordanians looking to study abroad with an opportunity to meet and interact with representatives from some of the UK’s top universities. Visitors to the exhibition were given guidance and access to all the information they need in order to apply to study in the UK including details about available degree courses, the application process, important deadlines, entry requirements, and other important details about studying in the UK. Robin Rickard, British Council Jordan Director stated, “The British educational system is recognised as one of the best in the world and provides students from every corner of the globe with the opportunity to gain qualifications that will kick start their careers and give them the tools to contribute positively to the growth and development of their home countries. This is the first time we hold this exhibition in the Kingdom and the number of people who attended demonstrated the strong appeal there is in Jordan to study in the UK and gain a higher education that is respected and valued worldwide.” During EDUKEX, the British Council and the British Embassy also held various sessions to provide students with essential information about the IELTS English proficiency test, English language development, and various other vital entry requirements needed to study in the UK. This exhibition comes as part of British Council Services for International Education Marketing which provides a set of seven bespoke and standard services designed to cater to UK educational institutions’ diverse international marketing needs. @yahoofinance on Twitter, become a fan on Facebook Related Content Chart Your most recently viewed tickers will automatically show up here if you type a ticker in the “Enter symbol/company” at the bottom of this module. You need to enable your browser cookies to view your most recent quotes. Search for share prices Terms Quotes are real-time for NASDAQ, NYSE, and NYSEAmex when available. See also delay times for other exchanges . Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page .