It was explained by an expert that having specific information about a terrorist threat is different to having information about a specific terrorist threat, and that such information is given regularly. So yes most likely it was overblown but a requirment at passing that part of legislation (changing the to a, IIRC this was the change rushed through) to enable law enforcment to deal with it. Hard to say if it's a stunt or not without knowing the information.
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