The coronavirus vaccine developed by the University of Oxford has been found 90% effective.
“The announcement today takes us another step closer to the time when we can use vaccines to bring an end to the devastation caused by [the virus],” said the vaccine’s architect Prof Sarah Gilbert.
It comes after Pfizer and Moderna’s vaccine showed 95% protection against Covid-19. However, the Oxford jab is far cheaper, and is easier to store.
UK business confidence has jumped this month, to its highest level in over five years – after the news of the vaccine.
Markit explains: “The degree of optimism improved since October and was the strongest since March 2015.
“While some firms simply commented on an expected rebound from low levels of activity in November, there were also widespread reports that hopes of an end to COVID-19 restrictions and positive vaccine news had spurred business confidence about the year ahead.”