1420 Police are called to reports of an assault in John Wilton Street in Woolwich

On arrival, police find a man lying in the street, who is later confirmed dead.

1616 It is reported that two people have been shot by armed police, and that the dead man was killed with a 'machete-style knife' and was wearing a 'Help for Heroes' t-shirt

1625 An eyewitness reports that two men were attacking the victim with a meat cleaver, and 'hacking at him'. Speaking to LBC radio, he describes the attackers dragging the dead man into the street.

1627 London Air Ambulance confirm that two injured people were taken from the scene, one by ambulance, the other by helicopter. They are taken to separate hospitals.1634 Woolwich and Greenwich MP Nick Raynsford says he understands that the dead man is a serving soldier, and that the two alleged suspects are in a serious condition in hospital

1635 A woman who lives nearby tells Sky News that the local school was put into 'lockdown' as soon as the incident began. Cheryl Spruce says there were 30 or 40 police at the scene and described it as 'mayhem'

1656 The Independent Complaints Commission, which is called in when ever firearms officers shot people, said it investigating.

1700 Twitter is full of eyewitness reports. One user, @Boyadee, writes of seeing two men decapitate another man and then approaching police with "just two machete and an old rusty lookin revolver"

1714 The Ministry of Defence says it is urgently looking at the reports that the incident involved a soldier. It happened just 200 yards from the Royal Artillery Barracks, adjacent to Woolwich Common, the historical home of the Royal Artillery.

The man killed was on attachment to Woolwich barracks Credit: Nick Ansell/PA Wire

1736 Prime Minister David Cameron describes the killigs as "truly shocking" and says he has asked the Home Secretary to chair a meeting of Cobra, the Government's emergency committee.

1758 Metropolitan Police Commander Simon Letchford confirms that the two attackers were shot by armed officers. He says:

"There will continue to be an increased police presence in this area, and the surrounding areas this evening. That presence will continue as long as is needed. I am asking people to remain calm, and avoid unnecessary speculation. I will update you again as soon as I am in a position to do so."

1814 Home Secretary Theresa May confirms she has been briefed by the Director General of the Security Service MI5 on the "sickening and barbaric" incident in Woolwich

1816 One Whitehall source says the attackers were heard to shout 'Allah Akbar'. There are also unconfirmed reports that the men filmed the attack.

1917 David Cameron says Britain has faced terror attacks such as the one in Woolwich before and added: "We will never buckle in the face of it."