A fatality ratio of 0.65% would suggest that at least 10m people in the UK have caught it though (using the latest excess deaths figure of around 65,000 as the best proxy for actual number of deaths).
No, because that's a average IFR over all the population, and it will be much higher in older age groups. If infections are concentrated in older age groups, we could easily get, say, 60,000 deaths with a much lower rate of infection amongst the population as a whole.
Say, for example - IFR is more like 20% for the over 80s. We have around 24k deaths in the over 80s in England and 17k in the under 80s.
For the 24k over 80s deaths, at an IFR of 20%, we would require 120,000 over 80s to be infected - given around 400,000 care home residents in England , that's not unlikely I don't think, given 40% of care homes have had an outbreak.
That leaves us with 17k deaths under 80; at a crude IFR of 0.65%, that suggests 3 million of us in the wider population under 80 have had it. Not unlikely, I think.