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Metropolitan Police commander Simon Letchford, speaking in Woolwich tonight, said:
At approx 1420 we were called to reports of an assault in John Wilson Street, Woolwich where one man was being assaulted by two other men.
A number of weapons were reportedly being used in the attack, and this included reports of a firearm.
Officers including local Greenwich officers arrived at the scene and shortly after firearms officers arrived on the scene.
On their arrival at the scene they found a man, who was later pronounced dead. At this early stage I am unable to provide any further information about the man who has died.
– Metropolitan Police
Two men, who we believe from early reports to have been carrying weapons, were shot by police. They were taken to separate London hospitals, they are receiving treatment for their injuries.
I can understand that this incident will cause community concerns, and I would like to reiterate that we are investigating what has taken place today.
The MPS will investigate the circumstances that led to a man to lose his life and the IPCC, as is routine, will investigate the circumstances in which police discharged their weapons.
The incident in Woolwich, which left one person dead and two injured, took place some 200 yards from the Royal Artillery Barracks, adjacent to Woolwich Common, the historical home of the Royal Artillery.
Boris Johnson, the mayor of London, said the attack in Woolwich was "sickening" and "deluded".
This afternoon's attack in Woolwich is a sickening deluded and unforgivable act of violence. My thoughts are with the victim and his familyFrom @MayorofLondon on Twitter:
Government sources believe the Woolwich incident was deliberately filmed and at least one of attackers shouted "Allahu Akbar".
Woolwich and Greenwich MP Nick Raynsford has told ITV News today's incident is "shocking" and will be a real concern for the Woolwich community
It sounds from sources within government as if they think this is going to turn out to be an horrific terrorist attack.
A video posted to YouTube today appears to show the aftermath of the incident in Woolwich.
Three people are seen on the ground and police appear to be restraining two of them.
Voices can be heard shouting: "Stand back!"
EU leaders meeting in Brussels have discussed plans to fight tax fraud and close loopholes used by large corporations to minimise tax payments.
Prime Minister David Cameron said the EU has to be sure "that companies pay taxes and that means international collaboration, sharing of tax information."
Irish Prime Minister Enda Kenny has denied Ireland is cutting special tax deals with multi-national companies, including Apple.
He said: "Ireland has been one of the frontrunners, and will be, in regard to building a new international consensus."