A terror suspect wearing a hoax suicide vest has been shot dead by police on London Bridge after he stabbed “a number” of people in Central London.

BBC reports that the Met Police has declared the attack a terrorist incident.

The suspect, who died at the scene, was believed to have been wearing a hoax explosive device, police said.

Videos on social media appear to show a group of passers-by holding down a man on the bridge. A firearms officer arrives, seems to indicate to the group to get clear, and fires a shot.

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Counter-terror police have now taken over the investigation as Scotland Yard confirmed the incident was being treated as a terror attack.

Details are still emerging and Neil Basu, the head of UK counter-terrorism policing, said the force was keeping an open mind over the motive.