I am not sure if PM has actually read through the report that the his advisers gave him before he used the term Herd Immunity. To enable the herd immunity, 60-80% people need to catch the virus, use 2% as the death rate, That's 1-2 million people.
The more horrible point is, this is a new virus, nobody knows if we get immunity from the virus after we catch it, if we have it, how long this immunity will last.