Earlier quoted context omitted.
That was true until last week. Deaths are now rising again, and daily new cases are approaching the level of the summer peak.
Daily new cases means nothing - it's a completely artificial figure that can be inflated or deflated by simply changing how many tests are conducted. Deaths is the only relevant measure.
Positive test rates measure what was happening about a week ago. Hospital admissions reflect activity a week or two before that, and deaths often get reported a month or more after the events that caused people to get infected.
You have to look at all the data to get an idea of what is happening.