Obviously it’s only one of the criteria but it does worry me that this will not be reviewed for another 2 weeks.
Cases will continue falling over next 7-10 days (R for London is under 1) so there will be little point in introducing extra restrictions while the whole city (rather than a handful of boroughs) is on the downward trajectory.
In theory, in 2 weeks we should see how effective Tier 2 restrictions are at keeping infections under control. From the North West experience we know they could work but everything depends on the level of compliance. From what I am seeing, it is not particularly high in London. What really matters is not how many people wear masks in supermarkets. It is all about household mixing and, based on what I am seeing, more and more people are becoming more and more willing to bend (and eventually break) the "rules".
I do believe London is benefitting from a meaningful level of "acquired immunity" going back to the first wave. The big question is whether it will be sufficient to flip R from - say - 1.1. to 0.9 under Tier 2 restrictions with an inconsistent degree of compliance.