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Today the ONS announced that there were 8,808 deaths in England and Wales in the week ending 2nd July 2021. This is 118 more than the previous week, but still 5.2% below the five-year average. Here's the chart from the ONS:

weekly covid deaths england
Deaths in England and Wales have now been below the five-year average for 14 of the past 17 weeks. Over that time, there were 9,484 fewer deaths than you'd expect based on the average of the last five years. And recall that, due to population ageing, the five-year average understates the expected number of deaths. Hence the true level of "negative excess mortality" is even greater.

The number of deaths registered in the week ending July 2nd was below the five-year average in seven out of nine English regions. (Only the North East and North West saw positive excess deaths.) Compared to the five-year average, weekly deaths were 10.7% lower in the East of England, and a remarkable 12.1% lower in the South East.

The fact that "negative excess mortality" has now persisted for three consecutive months supports the hypothesis that deaths were "brought forward" by the pandemic.

It's been widely noted that the link between cases and deaths has weakened substantially in recent weeks, thanks to the build up of population immunity. Although the number of daily infections has surpassed 20,000, the number of daily deaths remains in the low double digits. However, the situation is actually even more positive: measured by excess deaths, the pandemic hasn't taken any lives since early March.