London- British Prime Minister Theresa May announced Saturday that Britain had reduced its terror threat level from critical to severe, having raised it after Monday`s Manchester bombing.

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"A significant amount of police action has taken place over the last 24 hours and there are now 11 suspects in custody," May said in a statement.

"In the light of the developments, the independent joint terrorism analysis centre has this morning taken the decision to reduce the threat level from critical to severe."