Metropolitan Police Commissioner Cressida Dick, said: "This was an appalling racist murder and I am sad that we have been unable to secure further convictions for Stephen, his family and friends.
"I, and the senior investigator in charge of the case, Chris Le Pere, have met with Baroness Lawrence and Mr Lawrence and fully explained the work the team have been doing, and why we are now at this stage.
"The investigation has now moved to an 'inactive' phase, but I have given Stephen's family the assurance that we will continue to deal with any new information that comes to light.
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