Screen Daily is reporting that:
Shooting is scheduled to begin in London on May 5 2014 on the story of a plot to strike the city during the funeral of the British Prime Minister. Only the President Of The United States, his secret service head and an English MI6 agent can save the day. Angela Bassett and Radha Mitchell also star.
Sounds great to me. The first was a lot of fun even with some dodgy special effects. Hopefully this will clean things up in that area and keep with what made the first one such a good time.