I'm honestly not sure what the right answer is, and struggle with those who are determined that their way - at either end of the spectrum - is right, and that all others are wrong. I'm personally relatively supportive of restrictions on hospitality, but with deep reservations about closing schools; I know others on here have been very focused on the unreasonableness of closing hospitality but expressed little interest in education, while others have been wholly pro- or anti- restrictions in their outlook.
Where we will need to agree to disagree is over the role of allowing the virus to become endemic. My sense - and I don't have any papers to quote to prove or disprove this - is that the role of non-symptomatic (i.e., combining both pre-symptomatic and asymptomatic) spread has been underestimated. The focus has been on symptomatic cases; the role of schools in spread is easily under-estimated if I'm right as pupils act to spread Covid without falling ill themselves, or leaving particularly direct traceability within the school environment. The result of this has been that a part-complete elimination was allowed to stop over the summer as we opened up, and a reservoir of infection left in place going into the autumn. That has in turn led to significant spread that limited lockdowns could not do more than keep a lid on, and where spread of Covid has then - aided by a more virulent strain(s) - been harder and harder to control. Had spread been tolerated over the summer (and it's a moot point as to how intolerant the UK actually was), I think we'd have hit critical mass thresholds earlier than we did.
My personal conclusion is that, without restrictions, we would have hit fundamental capacity thresholds within any healthcare system, no matter how well resourced. That's not about whether (per
@yorksrob) this or that group is particularly prone to infection, but the simple impact of what happens if cases hit critical mass. If (and these numbers are illustrative, as I don't have actual rates to hand), 80% of those infected become ill enough to report symptoms, 10% of those infected become ill enough to need treatment, 5% of those needing treatment need critical care, and 1% of those infected die, it follows that for 1,000,000 infected, you will need critical care capacity for 50,000 people. The question is then not one of percentages, but of the overall supply of healthcare - which is not especially elastic.
Whichever answer(s) would have been right in a counter-factual universe, the reality here and now is that we are reliant on rapid roll-out of working vaccines, and that we need to hope that those vaccines are effective for longer than currently assumed - I've seen comments today that support both a "they're short lived" and a "they'll last donkey's years"; the reality is that we just don't (and can't) know.
We know that the risk of Covid directly increases with age, so it's entirely plausible that greater transmission of Covid is leading to more cases further down the age range. However, the anecdotal accounts from hospitals are that case numbers are so high now that the reality is that ICUs are dealing with severely ill of all age groups, and pushing staff to the limits of what they can cope with. I'm not sure how keeping those at greater risk particularly helps beyond a certain point of prevalence - one that, sadly, it seems like we've reached.