Terror attack in London: Soldier dead, two injuried

BREAKING NEWS: There has been a terror attack in the UK killing one and injuring two others, more to follow...

A man believed to be a soldier is dead and two people have been shot in Woolwich, south east London today.

Witnesses told the Press Association that the man was assaulted with a machete-style knife in a Woolwich street by two individuals who were later shot by police.

One witness, identified only as James, said he saw two men attacking another man, aged about 20, who was wearing a T-shirt of military charity Help for Heroes.

"These two guys were crazed... They dragged him from the pavement and dumped his body in the middle of the road and left his body there," he said.

Security was tightened in the area immediately after the incident. Helicopters hovered above and nearby roads were sealed off by the police.

"A number of weapons were reportedly being used in the attack, and this included reports of a firearm," police said in a statement.

British Prime Minister David Cameron has called a meeting of his government's emergency Cobra security committee after the killing, and is treating the attack as a terrorist incident, the BBC reports.

LATEST WE KNOW: David Cameron, Prime minister of the London is expected to cut short trip to Paris and return to London for an emergeny meeting. 

HIGHLIGHTS:

NEW: Two suspects are taken to separate hospitals to be treated for injuries, police say

The British government says it is treating the incident as a suspected terror attack

A local lawmaker says he believes the man killed is a serving soldier

Prime Minister David Cameron says the killing is "truly shocking"