BoE and ECB: No Change

It may seem relatively trivial to be reporting on this after what has happened today in London, but, as they say, life goes on.

First the Bank of England.

The Bank of England left its benchmark interest rate unchanged after a series of explosions hit London buses and underground stations. The central bank’s Monetary Policy Committee kept the repurchase rate at 4.75 percent.

And now the ECB:

The European Central Bank kept its key interest rate unchanged at 2 percent Thursday despite worries about growth and the unsettling news of apparent terrorist attacks in London.

Bank President Jean-Claude Trichet said he did not believe the attacks “will have any serious impact” on markets. London’s benchmark stock market index was down 2.3 percent by early afternoon after sinking as much as 4 percent earlier in the day.

Butt-Out Putin

Vladimir Putin is a guest on UK soil today as a participant in the G8 summit, in which case he should behave like a guest, respect and follow the local customs, and refrain from trying to use this tragedy to push his own political agenda.

“But what happened today demonstrates yet again that we are doing too little to unite our efforts in the most effective way in the battle against terrorism,” he said.

He also called for an end to double standards ? an appeal he has made before to his fellow world leaders, some of whom he has criticized for underestimating the terrorist ties of Chechen separatist rebels.

Putin expressed “not only hope but also certainty” that the international community will do everything it can to confront terrorism, but stressed there must not be “any double standards whatsoever in assessing bloody crimes similar to those carried out today in London.”

There are many things which could be said about what has happened in London today, but the above is not one of them. Let me be (given my own views and values) terribly politically incorrect: as Condoleeza Rice said, “we have to get it right every day, they only have to get it right once”. Maybe there were questions about whether or not the US was sufficiently prepared for ‘new style’ international terrorism before 09/11, certainly there are such questions about Spain and 03/11, but is anyone seriously suggesting that the UK police and security services haven’t been totally focused on trying to prevent this kind of tragedy. So, number one I resent the insinuation, and number two I resent any attempt to use this to drag the UK into the scandalous war Putin has been waging in Chechenia.

The dead are not only not yet cold, they are not even counted. Again chosing a voice I would not normally identify with, I can only re-iterate this point from Tim Worstall:

“May I just remind you of one of those little rules that we have in our civilised society? We bury the dead and console the bereaved before we start making asinine political points.”

Bus Bomb May Have Been Intended For Tube

Brian Paddick, assistant deputy commissioner of the Metropolitan police has just explained to a press conference that the bomb which exploded on a London bus in Woburn place may have gone off early.

“British police said a bomb that blew the roof off a London double-decker bus on Thursday morning may have been destined for the capital’s underground network, which was rocked by three explosions earlier.

“The fourth bomb may have been intended for an underground train,” Brian Paddick, the assistant deputy commissioner of the Metropolitan police told a press conference.

The bus blast occurred about an hour after the first underground explosion. At least 33 people were confirmed dead from the blasts in the capital. ”

I’m not *sure* what we can deduce from this conjecture on the part of a senior police officer, although lots of possibilities are flying round my head.

London Update V

As the dust settles, more and more of the details become clearer. The BBC have a good summary of three tube station bombs and the bus bomb (thanks for link to perfect.co.uk). The three tube bombings were on the Picadilly line between Kings Cross and Russell Square, at Edgware Road station, and in a tunnel at 100 metres from Liverpool Street. The bus was in Woburn Place.

The Independent also has a good summary, as does the Financial Times.

Updated 16:15 UK time

Interestingly one of the ‘strange ingredients’ has just been explained: the sudden power surge story. Neil McIntosh at Guardian blog gives the story behind the facts from London Tube boss Tim O’Toole:

Tube boss Tim O’Toole says the sudden succession of blasts caused the earlier “power surge” rumours – the tube control room thought that was the only thing that could cause such a co-ordinated set of failures across the network. In fact, the tube’s power supply is intact – they could run a full service now, although that’s not likely to happen for some time yet. He also says he’s enormously proud of his staff, who “did a difficult job and did it well”.

Update IV

Update (16:35 CET):

London’s mobile phone network is overloaded and spotty. The police is asking people not to call unless it’s important.

AP:

Two U.S. law enforcement officials said at least 40 people were killed and London hospitals reported more than 350 wounded. A senior police official confirmed at least 33 deaths killed in the subway blasts.
[…]
“This is clearly an al-Qaida style attack. It was well-coordinated, it was timed for a political event and it was a multiple attack on a transportation system at rush hour,” said Lawrence Freedman, professor of war studies at King’s College in London.

Update: The most current death toll number appears to be 45 (Guardian.) I predict it will steadily rise for some days, and then steadily fall for some weeks. The final number is unknowable, but that very, very many are injured appears fairly certain.

Update: From Wikipedia:

HOTLINE NUMBERS:

* Metropolitan Police: 020 7766 6020 (UK) +44 20 7766 6020 (INT’L)
* British Transport Police: 020 8358 0101 (UK) +44 (0) 20 8358 0101 (INT’L)

Don’t call the emergency services unless in “Life threatening” circumstances.

The Metropolitan Police advises against all unnecessary travel within the Capitol.

Original entry:
Guardian Newsblog:

Suddenly, the terrible scale of today’s attack becomes clear. Ambulance sources, reported on Sky, suggest 23 people have been killed at King’s Cross, nine at Edgware road, seven at Aldgate, two at Russell Square. There are hundreds – possibly more than a thousand – injured. We’re trying to verify the numbers.

The numbers 45 (Guardian) and 44 (Sky) have also been bandied about. No numbers are solid at all.
Daniel Johnson in email to Europhobia ( a while ago):

However there does seem to be a bit of a paradoxical thing happening. The broadcasters are holding back – reluctant to report news and instead focusing on reporting on the good work of the emergency services (from eye witness accounts and personally talking to people on the phone, the services are doing a great job and we should be incredibly proud). So they’re very calm- but the public is spinning the rumour mill.. before long I’m sure we’ll get IRA rumours, G8 rebels, etc- we should take comfort in the fact that the leaders of the free world are all together in a room, our emergency services are doing an amazing job – and the majority of scare-mongering rumours appear to be just that.

Its good to be sceptical of rumors, and not spread hysteria.

Nosemonkey said at 13:01 “God, us Brits are great. Hardly any panic – more just getting pissed off that it’s going to be a bugger getting home. I love this country sometimes.”

London Update II

Der Spiegel is reporting that a group of radical islamists is claiming responsibility:

A group calling itself “Secret Organization ? al-Qaida in Europe” has posted a claim of responsibility for the series of blasts in London, a German magazine reported Thursday.

Der Spiegel magazine reported that the group posted its message on a Web site popular with Islamic militants, which it did not name. It said the group claimed the explosions were in retaliation for Britain’s involvement in Iraq and Afghanistan.

Update (by Nick at 1pm): Just to let folks know that myself and Matt Turner are fine, and it seems so far that various London bloggers have avoided being caught up in it. Until last week, I had to travel through Liverpool Street station on a regular basis, and Matt normally passes through Edgware Road station every day.

Update 14:15 UK time.

Associated Press Cairo office continue the story, elaborating a bit more. The caim contains details worthy of note insofar as it mentions Iraq *and* Afghanistan (Qaeda and Taliban activity seems to have been increasing of late) and secondly it directly threatens Denmark and Italy. The second source citing this may be more significant than Der Spiegel since it is Elaph, a secular Arab-language news website. Elaph suggests that the site were the claim was posted is one typically used by islamic militants. Of course this confirms nothing. It is simply one possible lead, the only one we have to date.