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tv   BBC News  BBC News  October 15, 2022 4:00pm-4:31pm BST

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this is bbc news. i'm samantha simmonds and these are the latest headlines at four.... are the latest headlines at four... as the prime minister fights for her political life — her new chancellor admits mistakes were made in rolling out the government's new economic policy and that some taxes will rise. we are going to take some tough decisions, notjust on spending but also on tax because we have to show the world that we have a plan that adds up financially and that is the way we will get stability back in the situation. meanwhile, the governor of the bank of england warns that interest rates might need to go up by a larger amount than previously expected after financial volatility following the government's mini—budget last month. we will not hesitate to raise interest rates to meet the inflation target. my best guesses in
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inflationary pressures will require a stronger response than we perhaps first thought in august. manchester united footballer mason greenwood is arrested for allegedly breaching bail conditions that were set after he was taken into custody on suspicion of rape and assault injanuary. more than a0 turkish miners are now known to have died following an underground explosion — dozens of others were injured. rugby league world cup hosts england get off to a flying start in the opening game of the tournament against samoa. good afternoon. the new chancellor, jeremy hunt, has today indicated that he will make major changes to liz truss�* economic strategy. mr hunt — appointed yesterday after kwasi kwarteng was sacked from thejob said mistakes had been made by the government. he warned of "difficult
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decisions ahead", suggesting taxes may have to rise — and refusing to rule out spending cuts. meanwhile, in the last hour, the governor of the bank of england has predicted that uk interest rates may have to rise even higher than expected. our political correspondent, ione wells, reports. congratulations, mr chancellor. hours into his newjob, the chancellor was tasked with setting out his stall, a very different one from the one the prime minister set out. on wednesday, she said she is absolutely not planning public spending cuts but listen to this. we have some very difficult decisions ahead, difficult decisions on spending, which is not going to rise as much as people hope and i am going to be asking all government departments to find additional efficiency savings. one person's efficiency savings is another person's cut. - yes. and remember when liz truss said the country cannot tax its way to economic growth? we are also going to have pressure on the tax—side, taxes are not going to come down by as much as people hoped and some taxes will have to go up.
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then there was her pledge to boost spending on defence to 3% of national income by 2030. but the defence department, too, is going to have to help find efficiencies. the long—term ability to fund an increasing defence spending will depend on stability in the economic situation and a healthily growing economy. the prime minister moved in here just weeks ago, promising to cut taxes, not cut public spending, and boost defence spending. the new chancellor, who will base himself here, just next door, has now said that all of those things are back on the table. this leaves massive questions for liz truss about what she stands for, and who is really in charge, after the economic plan that she won the tory leadership election on now all hangs on the balance. the opposition were quick to say it was not enough for the prime minister to just replace the chancellor. they did notjust tank the british
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economy, they also clung on, clung on as they made the pound sink, clung on as they took our pensions to the brink of collapse, clung on as they pushed the mortgages and bills of the british public through the roof. they did all of this. all the pain our country faces now is down to them. and there is still one person clinging on, the prime minister. um... the prime minister's press conference yesterday did little to ease conservative mps' fears about her leadership. supporters of her policies are annoyed she has done a u—turn on some of her tax cuts. i have therefore decided to keep the increase in corporation tax that was planned by the previous government. mps who did not like them think she is not the right person for thejob. some think it would be mad to oust her already.
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others argue that would be better than the alternative. aren't you going to say sorry? and she faces more clashes with them ahead, on possible spending cuts, on her plans to bring back fracking, on changes to house—building and planning rules. she is still in the top job but feels far from being completely in control of her increasingly divided party. a short time ago i spoke to our correspondent helen catt who's in downing street. and i asked her what mr hunt's arrival at 11 downing street could mean. i think his primaryjob this morning was to try and reassure the markets. he went out and calmly set out the position and suggested there would be a change of strategy from before. in that sense he did what he needed to do. in terms of addressing the political issue in the conservative party, potentially that has heightened it for liz truss because her central plank of her leadership pitch
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over the summer to those who voted her in, was this big economic visions of loosening regulation, cutting taxes, throwing everything at growing the economy, saying they needed this new bold approach to make this work. for those who did not support liz truss, they will look at what was said this morning by the chancellor, seeing what looks like a very different strategy emerging and thinking if she is not going to do the vision she set out to do, what is she for, what is the point of a liz truss premiership? there is another problem for her in that for those supporters who were really enthused by that vision she set out in the summer and bought into it, they are really disappointed she has now in effect overturned most of that, even though she says the mission is still to go for growth. you have that issue there and the issue that her authority has taken a huge knock from all this. there are some who think jeremy hunt's appointment has
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bought her some breathing space but there are many in the party who think her authority is now fatally weakened and cannot be restored. there are active conversations going on about whether they should try and replace her. there are issues with that as well because of course, there's notjust a worry of what that would look like, it would look like they are just not in control if trying to replace a prime minister after a0 days but there is also the logistic challenge, how do you do that? what is the mechanics of that? there is an idea made by a number of mps about a unity candidate for the party to rally behind but that is again very tricky to do logistically. and politically, how do you find a candidate in a party that is currently so divided? earlier i spoke to our economics correspondent marc ashdown, and i asked him what was left of the mini—budget. cast your mind back to september 23,
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three weeks ago yesterday. the mini budget was launched along with that new phrase truss—enomics. we were promised liz truss's vision for high—growth, high wage, low tax economy. just three weeks later, this morning, her new chancellor, buried that, she remains prime minister butjeremy hunt remains pretty clear he has got a clean slate to completely rethink this economic plan. we've gone from tax cuts to possibly tax rises now. from huge investment to what they are calling a slowdown in spending and we all know what that means. this is a back to the drawing board moment. nothing is off the table as well as we have been hearing, health and defence, normally untouchable in normal times. they could well be asked for savings as well. in terms of the markets, after weeks of uncertainty and disbelief in financial circles about how this is playing out, this has been seen as a sort of reality check really and possibly, whispering it, even a turning point. yeah and the markets open on monday or sunday night, so what is your assessment, your thoughts of how they are going to react?
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first of all, a large chunk of this is driven by the turmoil we've seen in the markets over the last few weeks, the pound has been battered, the cost effectiveness of government birriwing has gone through the roof along with many people's mortgage rates as well. inflation stubbornly high, the bank of england having to emerge and step in to prop up pension funds. the initial reaction of people i spoke to today said they are cautiously optimistic, they welcome this fresh thinking. they thinkjeremy hunt is a money contrast, he gets it, in city speak. but yes, the credibility remains pretty low and it comes with quite a low point. the problems remain. the government still wants to borrow tens of billions of pounds to help everyone out with their energy bills and rising cost of living. that will need paying for. talking to the institute for fiscal studies earlier today, they said that sort of thing we could be looking at is very below inflation pay rises in the public sector and tight spending rounds, the global economy is the challenge of course. back to the short term, as you said,
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we will see the verdict on the markets overnight sunday into monday. but it remains a very difficult task ahead to make the sums add up and in the short timeframe we still are due this new budget on october 31. our business correspondent marc ashdown there. and there's been a further warning of economic problems in the last hour from the governor of the bank of england andrew bailey. in a speech in washington, he said the bank might have to raise its interest rates even higher than first thought in order to tackle inflation. let's hear what he had to say: recently the uk government has made a number of fiscal announcements. and has set october the 31st as the date for a further fiscal statement. the mpc will respond to all this news at its next meeting injust under three weeks from now, just after the 31st of october. this is the correct sequence in my view. we will know the full scope of fiscal policy by then but i repeat what i have said already, we will not hesitate to raise interest rates to meet the inflation target. and as things stand today, my best guess is inflationary pressures will require a stronger response than we perhaps
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thought in august. the governor of the bank of england. let's get more on this from david gauke — a former conservative mp who was lord chancellor and secretary of state forjustice in 2018 and 2019. welcome to you, good to have you on the programme. your thoughts on the appointment ofjeremy hunt is a new cat chancellor and what he has said this morning? i cat chancellor and what he has said this morning?— this morning? i think it is a sensible — this morning? i think it is a sensible appointment - this morning? i think it is a sensible appointment and l this morning? i think it is a l sensible appointment and his interviews this morning were very reassuring, for the markets which is the priority, but i hope also struck a better tone in terms of the public than the prime minister struck yesterday. than the prime minister struck yesterday-— yesterday. hello? sorry to interrupt- _ yesterday. hello? sorry to interrupt. i— yesterday. hello? sorry to interrupt. ithink- yesterday. hello? sorry to interrupt. i think he - yesterday. hello? sorry to interrupt. i think he has i interrupt. i think he has demonstrated - interrupt. i think he has demonstrated he - interrupt. i think he has demonstrated he we . interrupt. i think he has l demonstrated he we have interrupt. i think he has - demonstrated he we have to face reality, the fact he is talking
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about taxes as well as spending i think is realistic. i don't think there is any way we can simply say we've done enough on tax to fill in the black hole in the public finances, just purely on spending. so i think that is encouraging. i think he struck the right tone in recognising that in whatever the government does, it needs to make sure it protects the vulnerable which has not really been the impression has been given up till now. ~ . , ., ., ~ impression has been given up till now. ~ . i. ., ~ ., impression has been given up till now. ~ . ., ~ ., ., now. what did you make of that prime minister's news _ now. what did you make of that prime minister's news conference _ now. what did you make of that prime minister's news conference yesterdayl minister's news conference yesterday in terms of its tone and content? i do not think it was what was needed. i do not think it is what the country was looking for. two problems, one was tone, a sense of contrition was needed because a lot of problems have been caused by the government actions over the last three weeks and i think she needed to put her hand up and say sorry.
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that what has happened has given many people sleepless nights worrying about paying the mortgage or whether the business was going to go under and then secondly, that she needed to be realistic that we were not going to get all of this through spending and i think that setting out a plan that is more balanced make sense. i think whatjeremy hunt said today suggest they are going to have a more balanced plan. how much contact are you — have a more balanced plan. how much contact are you having _ have a more balanced plan. how much contact are you having with _ have a more balanced plan. how much contact are you having with your- contact are you having with your former friends and colleagues contact are you having with your formerfriends and colleagues in contact are you having with your former friends and colleagues in the conservative party now and what are the same to you by the leadership? morale is really low. i am having a lot of contact with former colleagues. morale is low, they know that the liz truss agenda has essentially not survived contact
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with reality. they know the conservative party is deeply unpopular. they know economic credibility has been lost notjust with the markets but with a population as a whole and that the conservative party has to win elections off the back of economic credibility so it is a pretty downbeat assessment. there is also the recognition it is quite hard to change a leader because unless you have really an overwhelming momentum towards one particular candidate, the conservatives have a process whereby it goes to the party membership, that takes a long time. there is not a huge amount of confidence in the party membership coming up three answer either. so there are plenty of concerns about what practical i can be done. certainly most of the conservative mps i've had contact with recently do feel the prime minister is in a
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very difficult position. the newspapers _ very difficult position. the newspapers are _ very difficult position. the newspapers are rife - very difficult position. the newspapers are rife with talk of plots to oust her, very difficult to do that, given that there cannot be another leadership bid by the party rules. do you see that being overturned? do you see her leadership pretty much on its deathbed order doesn't hang on what jeremy hunt says in what effectively will be a full budget on october 31? i do not think the principal problem of the 1922 committee rules, i think if there is sufficient demand for an earlier contest then there will be an earlier contest or vote on confidence. so i do not think that is the issue. the issue really is whether conservative mps can collectively decide on a candidate that has the support of the overwhelming majority of the parliamentary party. if they cannot do that, because there is a recognition that a lengthy process
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which would perhaps be inevitable amongst party members, is unviable in the current circumstances, then they will not go down that particular route. a lot of this may also depend on how markets react. if jeremy hunt can convince the markets that the government has a credible plan, particularly when he delivers his medium—term fiscal statement on sist his medium—term fiscal statement on 31st of october, then matters might come down and that might help liz truss but there is still a big political problem which is the conservatives are now languishing in a very long way behind the labour party and conservative mps are looking to the next general election with a great deal of foreboding. this with a great deal of foreboding. as you said, the markets and how they react to what the chancellor had well say. we have heard from the
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chairman of the bank of england to set interest rates might have to rise further than expected in august because of inflation. that will impact on the future of the prime minister as well, i wonder what your thoughts are about the assessments of andrew bailey and how they are up to global pressures or up to their mini budget?— to global pressures or up to their mini buduet? , ., , ., ,., mini budget? there is a bit of both. there are factors _ mini budget? there is a bit of both. there are factors which _ mini budget? there is a bit of both. there are factors which will- mini budget? there is a bit of both. there are factors which will drive i there are factors which will drive up there are factors which will drive up interest rates whatever. even if the government had done nothing, the interest rates would still be going up interest rates would still be going up but the political problem for the government is i suspect people paying their mortgages and looking at the increase they will be paying which could be very hefty indeed for millions of households, the government is going to get the blame for all of this. arguments about international factors, for all of this. arguments about internationalfactors, i am for all of this. arguments about internationalfactors, iam not for all of this. arguments about internationalfactors, i am not sure they will get a receptive audience and some of it undoubtedly is the fault of the government. the factor
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seems to be an additional risk premium for the uk might well fall with the appointment ofjeremy hunt but interest rates are going to be higher than they otherwise wear, partly because of the loss of confidence from the markets, partly from the fact the government is putting more money into the economy because they are cutting taxes are not finding the money from elsewhere so these are factors which will make it harder i think for the government politically and economically and thatis politically and economically and that is going to really feel, that is going to come through over a long period of time as people move off their fixed terms on to variable rates and what have you. that will be difficult for the conservative party. be difficult for the conservative pa . . ~' , ., , be difficult for the conservative pa . . ~ , ., , . be difficult for the conservative pa . . , . ., be difficult for the conservative pa . .~g , . party. thank you very much for your thou~hts party. thank you very much for your thoughts and _ party. thank you very much for your thoughts and analysis _ party. thank you very much for your thoughts and analysis this _ thoughts and analysis this afternoon. the manchester united and england forward mason greenwood has been arrested after allegedly breaching his bail conditions. he was arrested injanuary around allegations of rape, assault and making threats to kill.
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he hasn't been charged. ourfootball reporter simon stone has more on this. greater manchester police released a statement this morning saying a 21—year—old man had been arrested after they had been made aware of these allegations of breach of bail conditions. the police say their inquiries are ongoing. as you said, this goes back to january when greenwood was arrested on suspicion of assault and rape, subsequently questioned about making threats to kill. he has not played since then. manchester united say he is unavailable for selection and will be so until this case is resolved. we are still waiting to know whether gmp will charge greenwood, as yet they are just continuing with their inquiries. sport and for a full round up, from the bbc sport centre, here's hugh. good afternoon.
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england appear to be heading for victory in the opening match of the rugby league world cup... and an impressive one it would be too against samoa... another one of the contenders for the trophy. an early penalty gave the hosts the lead at st james park before jack welsby scored their first try with this impressive run. dom young crashed over twice to give them a 18 point lead. but samoa did manage to get points on the board before half time through izack tago. since the break, england have pulled away, these are live pictures coming in from the bbc one coverage. the score has been extended to 32—6. a try from another debutant a few minutes ago. 30 minutes to go at st james's park, a really good lead for england, the host nation leading samoa by 32—6.
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that's not the only world cup taking place... and england continued their successful start to the women's tournament in rugby union with a narrow victory against france in new zealand. scotland though need to win their final pool match to keep alive hopes of staying in the competition after an agonizing defeat to australia. jo currie reports. england may have won their last 26 matches but games against france are rarely comfortable. usually labelled le crunch, this uk breakfast time clash renamed the brunch started with some bite. the french lost two key players early on. emily scarett touched down, kicking the conversion and penalty to put her side ahead. after the restart, england built but blundered and as pressure mounted, tempers flared. and spilled over. in this kind of game points mattered. england's lead was
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stretched with that kick. that kick proved to be a wise decision. that kick proved to be a wise decision. france put themselves on the scoreboard in a few minutes and were right back in it. a big finish loomed but while the french defence held strong, they could not find a way through to close the gap. england rattled but make it two wins from two. meanwhile more world cup heartache from scotland. having led australia, they were overrun in the second half, eventually succumbing to another narrow defeat which leaves them needing to beat new zealand next weekend for any chance at making the quarterfinals. all of the bottom three have matches today in the premier league. leicester have moved temporarily off the foot of the table after a goalless draw at home to crystal palace in the early game. james maddison looked the most likely to engineer a breakthrough for leicester. but his recent goal—scoring
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prowess deserted him... meanwhile at the other end, odsonne edouard came closest for the away side only to be denied by a smart save from danny ward. we knew how difficult it would be, it was going to be, sorry. and at the end we did not play to hurt them, we play with not taking risk and playing with a handbrake i would say, make it comfortable for them, even more in the second half. leicester's point means nottingham forest started their game at the bottom, they're playing third—bottom wolves. wolves have just taken the lead through a penalty. while bournemouth took the lead at fulham in just the second minute... it is currently 2—2 at craven cottage.
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annd london will host some boxing history tonight when claressa shields and savannah marshall headline the first ever all—female uk card. marshall and shields take part in one of 11 bouts on the night... and faced off yesterday for the final time before they contest the undisputed middleweight championship at the o2. shields hasn't lost a fight since being defeated... by marshall 10 years ago. rugby league continues on bbc one. that's all the sport for now. i'll have more for you in the next hour. thank you, we will see you later. turkey says 41 people are known to have died in a coalmine near the black sea coast, after a suspected methane explosion on friday. the turkish interior minister said a number of miners thought trapped had been found dead at the site in amasra. anjanna gadgil reports. a funeralfor one a funeral for one of the miners killed in the blast at the back ——
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black sea time. other relatives waited outside where the bodies of their family waited outside where the bodies of theirfamily members waited outside where the bodies of their family members lay. smoke billowing from the site of the explosion, one of turkey's most deadly industrial accidents in years. over 100 people were working there at the time. more than 70 workers took part in rescue efforts, which went on throughout the night. crowds gathered around the head of the mineshaft, many were family members of the dead and injured. it is believed methane ignited at a depth of 300 metres, causing a fire in one of the tunnels. president erdogan made a visit to the scene and said he hoped no more lives would be lost. translation: of course we will find out how this explosion happened and if any people are responsible for it with the prosecutions which have already started. turkey suffered its deadliest coal mining disaster in 2014, when 301 workers died in a blast in the western town of soma. the local prosecutor's office said it was treating this incident as an accident and has
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begun an investigation. anjana gadgil, bbc news. today marks a year since the southend mp a special memorial service was held in the city last night and today a tree was planted in his honour. let's speak now to anna firth, mp for southend west — thank you for being with us today, tell us about the memorial event. it has been very moving. we had tributes to sir david in parliament this week, led by the speaker and joined by parties from every political party, all corners of the chamber. then last night we had a requiem mass here in southend with more tributes from the community and then today we had a street party in
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then today we had a street party in the park where david used to walk his dog. he was a very common figure in the park. there was music, tribute and prayers. there was a huge coming together most of all and end desire for people in the city that david would have been proud of. as you came to pay tribute, what is sir david amess legacy in the area. making it a city is david's crowning achievement but knowing him, he would not have wanted it to stop there, he would have said, let us go on and become the uk city of culture. that is one of the focus is we are working on because southend is a fantastic cultural icon. it is already a city of culture and now we will really work to get that
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accolade in 2029.- will really work to get that accolade in 2029. ., ., , , accolade in 2029. how has it been for ou accolade in 2029. how has it been for you taking _ accolade in 2029. how has it been for you taking over _ accolade in 2029. how has it been for you taking over there - accolade in 2029. how has it been for you taking over there as - accolade in 2029. how has it been for you taking over there as mp? l for you taking over there as mp? well, it is a challenge because obviously i have enormous boots to fill here. as i said to everybody, if i can be half as good as sir david then i will not be going far wrong. to give you an example of how loved he was, lots of people went out to honour the queen and one of the shop owners was telling me she had gone up and she was quite determined to take david with her so she took a picture of him which she has in her shop all the time, all the way up to london so he would not miss out. . ~ the way up to london so he would not miss out. ., ~ , ., , the way up to london so he would not miss out. ., ~ i. , . miss out. thank you very much. talkin: miss out. thank you very much. talking up _ miss out. thank you very much. talking up -- — miss out. thank you very much. talking up -- talking _ miss out. thank you very much. talking up -- talking to - miss out. thank you very much. talking up -- talking to us - miss out. thank you very much. i talking up -- talking to us today, talking up —— talking to us today, remembering sir david amess. back to sport now. tonight, wbo world champion savannah marshall will fight claressa shields at the o2 in london
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for the undisputed middleweight championship. britain's wbo world middleweight champion savannah marshall takes on america's claressa shields — who holds the wba, wbc and ibf belts — to decide who is the undisputed best female middleweight in the world. it's expected to be something of a grudge match between two fighters with a long and bitter rivalry. let's speak now to christy martin, a former women's world champion boxer. thank you for having me today, i think it will be a great fight, absolutely a grudge match, savannah is the last person to defeat clarissa so she has to be in her mind, she knows this is the person i'm facing, the only person to beat me most recently so savannah has a little bit of a leg up in the mental game. we will see, i hope it is a
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great fight for women's boxing and somebody like the katie taylor fight we have just had over here, somebody like the katie taylor fight we havejust had over here, it somebody like the katie taylor fight we have just had over here, it helps elevate the awareness and bring more ice to women's boxing. it is elevate the awareness and bring more ice to women's boxing.— ice to women's boxing. it is a landmark _ ice to women's boxing. it is a landmark event _ ice to women's boxing. it is a landmark event for _ ice to women's boxing. it is a landmark event for women'sl ice to women's boxing. it is a - landmark event for women's boxing here, how much has boxing change for women since your day?— women since your day? absolutely many more — women since your day? absolutely many more opportunities - women since your day? absolutely many more opportunities now- women since your day? absolutely many more opportunities now thatj many more opportunities now that female fighters are allowed to box in the olympics. that alone has broadened the horizon and brought so many more females to the sport because now you can start when you're eight or nine years old. you can be in the gymnasium and learn the craft and improve your skills so you are ready to become professional when you get older and then the chance to put an olympic gold medallist round your neck, to me thatis medallist round your neck, to me that is the ultimate goal.- medallist round your neck, to me that is the ultimate goal. thank you ve much that is the ultimate goal. thank you very much for— that is the ultimate goal. thank you very much forjoining _ that is the ultimate goal. thank you very much forjoining us _ that is the ultimate goal. thank you very much forjoining us and - that is the ultimate goal. thank you very much forjoining us and telling |
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very much forjoining us and telling us about that match tonight.

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