City terror attack 'inevitable' 

It is only a matter of time before London's financial centre is 
attacked by terrorists, police believe. 
Potential targets in the Square Mile have been staked-out a number of 
times but no arrests made, said City of London Police Commissioner 
James Hart. 

While the security "ring of steel" has been extended twice since 
9/11, only half of firms have made contingency plans, he told the 
Financial Times. 

Business group the CBI said "good links" have been formed with 
police. 

"There is an ongoing dialogue," it told the BBC News website. "But 
more can always be done to raise awareness." 

'Maximum disruption' 

While there was no specific threat against the City, the mindset of 
terrorists meant that it was an "obvious target", said Mr Hart. 


 I need to get the matter of security on to their business agendas, 
so it is a little bit of a call to sharpen up 
James Hart  

"If you want to hurt the government, hurt people at the same time, 
and you want to cause maximum disruption...where better to hit than 
at the financial centre?" 

He added: "I think it is a matter of when, rather than if." 

Mr Hart said the City of London had been a target for terror attacks 
for years, highlighting the number of times the area had been hit by 
the IRA. 

In April 1992 three people were killed when a bomb exploded outside 
the Baltic Exchange and one person was killed in April 1993 when a 
bomb targeted the Bishopsgate area. Big business outside the City was 
targeted in 1996, when a large bomb was detonated in the Docklands. 

Potential targets could now include prominent sites and business -
 "anywhere where the maximum damage can be inflicted on the financial 
systems," Mr Hart said. 

'Sharpen up' 

The City of London police estimate that only half of City firms have 
made adequate provisions for a terrorist attack. 

Chief executives need to take a greater role in developing security 
policies, Mr Hart said. 

"I need to get the matter of security on to their business agendas, 
so it is a little bit of a call to sharpen up." 

While many of the large City firms were taking the threat seriously, 
there was a need to "sensitise those people that are a little bit 
complacent about this kind of thing". 

Mr Hart said the larger firms needed to put "a friendly arm around 
smaller businesses within their shadow" as not all companies could 
afford sophisticated security staff. 

Overall review 

It is often a problem of insufficient time and money that prevents 
smaller firms from developing contingency plans, the Confederation of 
Small Businesses said. 

It called for expert advice and tax breaks to be provided to the 
companies, many of which "have become more aware of their need to 
plan for emergencies and, in particular, terror attacks", since 9/11 
and the London bombings. 

Business lobby group London First says that 50% of companies are 
unprepared for a significant event, with small and medium companies 
particularly vulnerable. 

It is estimated that 50% of firms that shut down temporarily in New 
York after 9/11 never reopened. 

And the CBI says that only two-thirds of its members had conducted a 
strategic overall review of security in 2004, but it expects that 
after the London bombings businesses would take the threat more 
seriously. 




Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/2/hi/business/4137068.stm

Published: 2005/08/10 12:28:47 GMT

© BBC MMV



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