Two things – update updated
Update 1.45pm: MI5 are moving sharpish on this. The MI5 News Update email service is pointing towards an official version of events.
Update 5.20pm: At least one clear thing to came out of this afternoon’s flurry of establishment propaganda. The fact is that, if you fancy a spot of credit card theft, you should get yourself on the ‘periphery’ of the planning of a terrorist outrage:
MI5 had decided, on the basis of bugged conversations, that [July 7 bomber] Sidique Khan was largely interested in petty fraud.
The spooks, having bigger fish to fry, seemingly couldn’t find five minutes to tip off Khan’s local police.
Update 2/5: A word from the mighty Mrs Rachel North.
Posted on April 30th, 2007 at 1:10pm under T.W.A.T., The home front

MI5 seem to be ignoring this bit of information from the BBC story:
Khan seems to be claiming a good knowledge of the structure of the conspiracy. Surely that would make him someone worth following up?
Straw Men -’Rumours’ and ‘Reality’, MI5 style:
Rumour: Khan’s car was bugged by the Police/Security Service…
Reality: Khan’s car was not ‘bugged’…
Well, no, but back to the ‘rumour’:
BBC: Three weeks later, officers recorded Khan in Khyam’s bugged car, discussing imminent plans to travel to Pakistan.
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