New report finds UK government wasn't properly prepared for Covid-19
November 19, 2021, 8:33 am

New report finds UK government wasn't properly prepared for Covid-19

Corona virus-UK combating Corona virus/Pixabay

The BBC reported, a new report has found that the UK government was not properly prepared for a pandemic like Covid-19.

The report by the National Audit Office (NAO) said the government lacked detailed plans on shielding, job support schemes and school disruption.

The spending watchdog added that lessons needed to be learned.

In response, the government said the unprecedented pandemic had challenged health systems around the world - not just the UK.

The NAO said preparations for a flu pandemic or highly infectious diseases like Ebola were prioritised over diseases with similar characteristics to Covid.

The watchdog said the UK government did not have specific plans to tackle a disease like Covid-19, which has a lower mortality rate than Ebola but has the ability to spread in communities with asymptomatic infected people.

Corona virus-Pandemic protection/Pixabay

The report suggests the government had some mitigations in place for a pandemic, like a stockpile of personal protective equipment, but it lacked preparation for "wide-ranging impacts" coronavirus and other pandemic-inducing viruses can have on society and the economy.

The government announced the furlough scheme, which originally covered 80% of wages for staff who were unable to work due to the pandemic, on 20 March - three days before the first national lockdown was brought in.

And on 21 March the government began sending letters to people identified as vulnerable to Covid, advising them to stay at home and "shield".

However, the NAO report found the government lacked detailed plans for such measures.

The report also found that the Cabinet Office allocated 56 of its 94 full-time emergency planning members of staff to prepare for potential disruptions from a no-deal exit from the European Union, "limiting its ability" to plan for other crises.

The watchdog found that the pandemic "exposed a vulnerability to whole-system emergencies", suggesting there was "limited oversight and assurance" of the plans in place.

The report said the government missed the opportunity to learn from previous large-scale pandemic simulations it carried out as far back as 2007. One simulation, Exercise Cygnus, which ran in 2016, suggested the government should consider "the ability of staff to work from home".

However, at the beginning of the Covid pandemic "many departmental business continuity plans did not include arrangements for extensive home working", the watchdog said.

A government spokesperson said: "We have always said there are lessons to be learned from the pandemic and have committed to a full public inquiry in spring.

"We prepare for a range of scenarios and while there were extensive arrangements in place, this is an unprecedented pandemic that has challenged health systems around the world."

Labour's shadow Cabinet Office minister Fleur Anderson, said the report showed "Conservative ministers failed to prepare and they failed the public".

Source: BBC

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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.