It's emerged the flood in Herne Hill will cost Thames Water and its insurers around four million pounds.
Dozens of businesses and homes were left under water on Half Moon Lane early on Wednesday morning after a pipe burst.
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The mother of a former altar boy who tried to blow up a train insisted he was 'a big softie' who didn't want to hurt anyone.
Its current five year licence comes to an end next Tuesday.
Extra armed police will guard major sporting events in London this weekend after the military was drafted in to protect key locations.