NNNNNOOOOOOOOOOOOOOO!!
Take the Liverpool LFT which has showed 0.61% incidence. Just assume this is accurate and reflects the level of infection in the community.
With Stolly's googled figures you go out and test 10,000 people with the PCR test.
You should find 61 cases.
But you will get 56 that will be positive ie the 61 less 8% false negatives.
Then you will get another 80 dues to the 0.8% rate of False Positives on 9939 at 0.8%.
So instead of 61, you get 136. More than double.
If you look at the actual PCR figures, assuming LFT is accurate, the PCR test is running at more like 2.5% False Positive in the Liverpool area.
Maybe higher if the False Negative rate is more towards Mike's figure.
Of course that could be because the 0.8% refers to "in lab" but there are further errors creep in due to operator errors.