Picture of the day: Statue honours Ronald Reagan's day in the sun

(AFP/Getty)

Former US Secretary of State Condoleezza Rice and British Foreign Secretary William Hague bask in the sunlight as a new statue of Ronald Reagan is unveiled in London's Grosvenor Square.

Timed to coincide with American Independence Day celebrations and the centenary of Reagan's birth, the $1m statue was paid for by a foundation set up to propagate the former US President's memory. Westminster City Council normally insist on a subject being dead for at least 10 years before a statue can be erected but made an exception for Reagan, who died in 2004. There are now eight monuments to American Presidents located across the capital.