:00:09. > :00:14.The eurozone debt crisis claims its first bank. France and Belgium move
:00:14. > :00:19.to rescue the bank amid fear it is about to run out of cash. The
:00:19. > :00:24.European market falls sharply. The FTSE 100 drops to its lowest for 15
:00:24. > :00:27.months. I think what is going on in Europe and the European banking
:00:27. > :00:32.system confirms my view that this is going to do damage to the
:00:32. > :00:37.British economy. Here in Manchester, on the eve of
:00:37. > :00:41.David Cameron's main speech to the conference, a spat between two of
:00:41. > :00:46.his ministers. The Home Secretary, under fire. She wants to change
:00:46. > :00:50.immigration policy, partly because of one man's pet cat. The illegal
:00:50. > :00:58.immigrant who cannot be deported because, and I am not making this
:00:58. > :01:02.up, because he had a pet cat. surprised me. I can't believe
:01:02. > :01:06.anybody was refused deportation just because they owned a cat. If
:01:06. > :01:13.it featured in the case, I should be interested to see.
:01:13. > :01:17.Also, the smile says it all as Amanda Knox flies home from Italy.
:01:17. > :01:20.She is due to arrive in Seattle in the small hours. For the family of
:01:20. > :01:26.the murdered British student, Meredith Kercher, the anguish
:01:26. > :01:35.remains. Every parent's nightmare, to have something so terrible
:01:35. > :01:39.happened, when basically, she was in the safest place, her bedroom.
:01:39. > :01:42.And a tale of David and Goliath, a landlady wins the latest round in
:01:42. > :01:47.her battle against the Premier League over TV rights.
:01:47. > :01:53.And coming up in sports day at 1030 on the BBC News Channel, how the
:01:53. > :02:03.cost of changing a manager is on the rise. Football clubs in England
:02:03. > :02:15.
:02:15. > :02:19.spent �99 million on replacing the The eurozone debt crisis is turning
:02:19. > :02:27.into a banking crisis. It has claimed its first victim. A large
:02:27. > :02:31.European Bank, Dexia, is in charge -- talks with France and Belgium
:02:31. > :02:37.about a rescue amid fears it will run out of cash. Markets around
:02:37. > :02:42.Europe have fallen sharply with the FTSE 100 closing below 5,000, its
:02:42. > :02:45.lowest point for 15 months. The Chancellor says the problems in the
:02:45. > :02:49.eurozone are damaging the British economy.
:02:50. > :02:53.It started as a sovereign debt crisis, worries that eurozone
:02:53. > :02:57.crisis -- countries like Greece won't be able to repay debts, and
:02:57. > :03:02.because of fears about whether banks are strong enough to
:03:02. > :03:06.wristband losses on loans to the likes of Greece, it is now eight
:03:06. > :03:11.banking crisis -- withstand losses. The financial sector is getting
:03:11. > :03:15.thumped. The only solution is to go into default for Greece. The euro
:03:15. > :03:19.authorities are so shell-shocked, they have serious bunker mentality.
:03:19. > :03:24.Today, European finance ministers meeting in Luxembourg did a lot of
:03:24. > :03:27.talking about what is at stake, but not a lot of fixing. Everyone here
:03:27. > :03:31.today, in what were long discussions, realised time is
:03:31. > :03:37.running out for the eurozone to resolve the crisis, and we did make
:03:37. > :03:40.some progress. I think what is going on in Europe and the European
:03:40. > :03:43.banking system confirms my view that this is going to do damage to
:03:43. > :03:47.the British economy, it is doing damage at the moment.
:03:47. > :03:56.The first victim of this renewed banking crisis is a big French and
:03:56. > :04:00.Belgian bank, Dexia. Its loans are not that enormous, �3.3 billion,
:04:00. > :04:05.but what has made it so vulnerable is that just like Northern Rock
:04:05. > :04:10.when it collapsed four years ago, it is heavily dependent on
:04:10. > :04:14.borrowing from backs -- banks and investors, to the tune of �240
:04:15. > :04:19.billion. At times of high anxiety in markets, those sorts of
:04:19. > :04:26.creditors won't lend, and they often want their money bank -- back.
:04:26. > :04:30.When banks can't borrow, it is curtains. That is why Dexia is
:04:30. > :04:35.talking to the French and Belgian governments about a rescue package.
:04:35. > :04:39.In 2008, banks were too frightened to lend to each other. This time,
:04:39. > :04:43.anxieties are focused on Italian and French banks. In Europe, banks
:04:43. > :04:46.are putting more and more money overnight back to the ECB. That
:04:46. > :04:51.means that the rich banks lend to each other. That is not working any
:04:51. > :04:55.longer, so we are back to the situation we had after the default
:04:55. > :04:57.of Lehman Brothers. In markets around the world, the word on
:04:57. > :05:03.everyone's lips, including the powerful head of America's central
:05:03. > :05:06.bank, is contagion. Market uncertainty about resolution of the
:05:06. > :05:10.Greek situation, about the broader resolution of the sovereign debt
:05:10. > :05:14.issues and the European banking issues, has created an enormous
:05:14. > :05:18.amount of uncertainty and volatility in financial markets.
:05:18. > :05:22.One of the reasons our recovery has been slower is that we have faced a
:05:22. > :05:27.lot of financial volatility, and some of that is coming from the
:05:28. > :05:31.European situation. There is, it seems, a recognition from European
:05:31. > :05:37.governments that Europe's banks must be strengthened. What is
:05:37. > :05:38.unclear is whether they will do that fast enough to prevent
:05:38. > :05:43.financial crisis becoming economic recession.
:05:43. > :05:47.There are more developments tonight. Rather worrying developments. I
:05:47. > :05:54.have a straight think -- a statement from credit ratings
:05:54. > :05:59.agency Moody's. Is significantly downgraded his the Cray rating of
:05:59. > :06:04.Italy. -- the credit rating. It will make it even harder for Italy
:06:04. > :06:10.to borrow. That is not the worst of it. The significant impact will be
:06:10. > :06:12.on Italy's banks. When creditors lend to banks, they also look at
:06:12. > :06:15.the credit worthiness of the Government behind those banks,
:06:15. > :06:20.because in a crisis, the governments have to bail out the
:06:20. > :06:24.banks. If Italy is looking like a more risky place to land, its banks
:06:24. > :06:29.will also be perceived to be riskier, those banks will find it
:06:29. > :06:35.harder and more expensive to borrow, and this banking crisis will be
:06:35. > :06:40.exacerbated. We heard George Osborne saying eurozone finance
:06:40. > :06:44.ministers recognise there's a big crisis that has to be solved. The
:06:44. > :06:48.question is now, whether they can move fast enough, because my
:06:48. > :06:52.heavens, they will have to move fast to put in place a credible
:06:52. > :06:56.solution. If they don't, we will be back in the kind of appalling
:06:56. > :07:01.banking conditions that we saw in 2008, that led to that shocking
:07:01. > :07:04.recession. Thank you.
:07:04. > :07:07.David Cameron has added his voice to those warning about the state of
:07:07. > :07:13.the world economy. He will address his party conference in Manchester
:07:13. > :07:17.tomorrow. The Prime Minister has been talking of a moment of danger?
:07:17. > :07:21.That is right. When David Cameron speaks here tomorrow, he is
:07:21. > :07:26.expected to stress once again that he does understand the pressures
:07:26. > :07:28.around, the intense pressure on household finances in a difficult
:07:28. > :07:33.economic climate. He is also expected to underline the
:07:33. > :07:37.importance of strong leadership at such a turbulent time. Earlier, Mr
:07:37. > :07:41.Cameron was asked to justify some of his spending priorities,
:07:41. > :07:45.especially that commitment to spend more on international aid. He spoke
:07:45. > :07:50.to Nick Robinson. The Prime Minister is worried, but
:07:50. > :07:55.not because of anything happening here at the Tory conference. What
:07:55. > :07:59.is on his mind is the economic storm brewing in Europe. I put it
:07:59. > :08:03.to David Cameron as some fear a crisis as bad, if not worse than
:08:03. > :08:07.the crisis which struck three years ago. I think it is a moment of
:08:07. > :08:11.danger, I think there are some very serious clouds on the horizon.
:08:12. > :08:16.Dealing with the eurozone is vital. Then we have to look at the British
:08:16. > :08:19.economy and say, we have a deficit plant but we need more on the
:08:19. > :08:23.growth front, and the announcement the Chancellor made yesterday about
:08:23. > :08:26.getting money directly into small businesses, and helping with the
:08:26. > :08:30.situations, that will make a big difference but I think there is
:08:31. > :08:36.more to come. Is your message to voters, consumers, the squeeze,
:08:36. > :08:39.this is going to go on, year in, year out? This is going to get
:08:40. > :08:45.tougher. The message is, there has been a squeeze on household income,
:08:45. > :08:49.I know that. I know what has been happening to the food prices. We
:08:49. > :08:53.will help you by freezing the council tax and cutting petrol duty.
:08:53. > :08:56.The government is on your side and wants to help. Tomorrow's Tory
:08:56. > :09:05.party broadcasts will focus not on help for people at home, but people
:09:05. > :09:09.abroad. Every six minutes, a child dies of starvation. Yet the primary
:09:09. > :09:13.-- the priority being given to overseas aid is one which many in
:09:13. > :09:15.David Cameron's party are now questioning. You will increase
:09:15. > :09:18.spending by �3 billion on international aid. That could
:09:18. > :09:23.reverse the cuts in the police budget, it could end the need to
:09:23. > :09:29.deal with tuition fees. It might have been a proud To Want But isn't
:09:29. > :09:33.a day the day to say, it isn't now. -- might have been a priority once.
:09:33. > :09:37.Britain has made some pick priorities, we said we would help
:09:37. > :09:42.the world's poorest. -- made some big promises. I think you have made
:09:42. > :09:45.promises, you ought to keep it. Some people in your party worry
:09:45. > :09:48.that you are the nasty party. Wasn't the problem with the
:09:48. > :09:52.reputation of your party that you simply didn't get the pressure on
:09:52. > :09:56.people's lives, when it came to cuts in the 1980s. And what they
:09:56. > :10:00.are saying to you is, you don't get it now. We do get it. That is why
:10:00. > :10:06.we cut the petrol duty. A lot of people thought that was something
:10:06. > :10:10.governments did not do any more. We taxed North Sea oil companies
:10:11. > :10:14.because oil prices were high. We have frozen the council tax for
:10:14. > :10:20.another year, because we know that is the key bill that under Labour,
:10:20. > :10:26.caring labour, went up, doubled over a decade. We have phrased it
:10:26. > :10:28.since the government came in, we promise we have made and kept.
:10:28. > :10:32.Prime Minister insists the government's numbers do add up,
:10:32. > :10:37.that he can help people, and cut the deficit and stimulate growth.
:10:37. > :10:47.As the economic storm clouds gather, it is a claim that will come under
:10:47. > :10:47.
:10:47. > :10:51.greater and greater scrutiny. Divisions were exposed between two
:10:51. > :10:56.cabinet ministers on a key part of the government's immigration policy.
:10:56. > :10:59.Theresa May promised to get a grip on immigration and change the rules
:10:59. > :11:04.so that more foreign criminals could be deported. She drew
:11:04. > :11:07.criticism from a colleague, Kenneth Clarke, the Justice Secretary, for
:11:07. > :11:14.claiming one man's deportation had been blocked because he owned a pet
:11:14. > :11:19.cat. Tuesday at conference, and the Tory
:11:19. > :11:23.faithful are bars, gathering for a big moment in their wick, the Home
:11:23. > :11:29.Secretary's speech. They know the handbag of her as well contain
:11:29. > :11:34.words that will make her purr with delight. -- will contain words.
:11:34. > :11:41.remain of the view that the Human Rights Act will need to go.
:11:41. > :11:47.wants to change the rules so that illegal immigrants will find it
:11:47. > :11:52.harder to use their rights to avoid deportation. Mrs May was put in her
:11:52. > :11:56.kitten heels down. We all know the stories about the Human Rights Act.
:11:56. > :12:00.The robber who cannot be removed because he has a girlfriend, the
:12:00. > :12:06.illegal immigrant who cannot be deported because, and I am not
:12:06. > :12:13.making this up, because he had a pet cat.
:12:13. > :12:16.This surprised the Justice Secretary. He supports the Human
:12:16. > :12:21.Rights Act and was ready to bed the Home Secretary had got her facts
:12:21. > :12:25.wrong. And it was a good bet. Court officials said the immigrant
:12:25. > :12:30.avoided deportation not because of a cat but because the Home Office
:12:30. > :12:35.had not followed its rules. That surprised me, I can't believe
:12:35. > :12:40.anybody avoided deportation just because they owned a cat. Mrs May's
:12:40. > :12:43.officials suggested a moggy called Maya had been bought by the
:12:43. > :12:47.immigrant and his girlfriend and the judge said it was evidence of
:12:47. > :12:54.family life, but the lawyers said it was nothing to do with the
:12:54. > :13:00.Not allowed to remain in the United Kingdom on the basis he had a cat.
:13:00. > :13:03.Do you regret using the cat? Ken Clarke and Theresa May are at
:13:03. > :13:09.the same dinner in there, but behind the smiles and jokes about
:13:09. > :13:11.cat flaps, there is real division about the government's review of
:13:11. > :13:21.human rights laws. It doesn't matter much now but it will when
:13:21. > :13:22.
:13:22. > :13:26.We can talk to Nick Robinson, our political editor. Given the news
:13:26. > :13:30.tonight, worrying and dramatic, this speech tomorrow is on a high-
:13:30. > :13:34.level still. This is precisely the news that ministers have feared for
:13:34. > :13:38.so long in private. They have been talking about their anxiety that
:13:38. > :13:42.the inability of the eurozone to get ahead of the markets would lead
:13:42. > :13:46.to this sort of crisis. Now, officially, at the top of
:13:46. > :13:50.government, they have kept saying, we think the deadline will be met,
:13:50. > :13:54.we think the eurozone countries will recapitalise their bags and
:13:54. > :13:57.sought out Greece. But now they are worried, ministers are saying that
:13:57. > :14:01.they do not think the euro zone can survive in its current form. Some
:14:02. > :14:05.are talking up the possibility of a double-dip recession in the UK. It
:14:05. > :14:09.is against that backdrop that the Prime Minister has to come onto the
:14:09. > :14:13.stage and try, because that is what we are told he will try to do, do
:14:13. > :14:17.not be too pessimistic, do not think that Britain's best days are
:14:17. > :14:21.behind us. The rhetoric we are being told about has a kind of
:14:21. > :14:25.wartime spirit, we can turn the ship around, he will say, talking
:14:25. > :14:30.about the spirit of Britain, going back to what made Britain great. He
:14:30. > :14:34.talks about the need to be energised, not paralysed by gloom
:14:34. > :14:38.and fear. Much harder now, because words here in Manchester matter so
:14:38. > :14:42.much less than events in the eurozone. We will talk again
:14:42. > :14:47.tomorrow. Thank you very much. Fiona, that is it from Manchester
:14:47. > :14:50.tonight, back to you. The American student Amanda Knox
:14:50. > :14:54.will touch down on American-style within the next few hours after a
:14:54. > :14:57.dramatic release from an Italian prison last night. She was cleared
:14:57. > :15:02.along with her former boyfriend of murdering her British flatmate,
:15:02. > :15:06.Meredith Kercher. Today the Kercher family said they would support an
:15:06. > :15:10.appeal by Italian prosecutors against the acquittal. David Willis
:15:10. > :15:14.is in Seattle, where Amanda Knox will arrive shortly. Is there a
:15:14. > :15:18.sense of anticipation? There certainly is, a large group
:15:18. > :15:24.of photographers and reporters have gathered here. Amanda Knox enjoys
:15:24. > :15:26.considerable support in Seattle. Over the years, a loyal band of
:15:26. > :15:31.supporters and friends have campaigned fairly tirelessly for
:15:31. > :15:35.her release. It would now seen their efforts have paid off, and
:15:36. > :15:41.Amanda Knox is due back here, home in Seattle, just over 24 hours
:15:41. > :15:46.after she was freed by an Italian judge. A quick warning, this report
:15:46. > :15:52.contains some flash photography. Leaving Italy after almost four
:15:52. > :16:00.years in prison, Amanda Knox grinned broadly, knowing that she
:16:00. > :16:04.Back to the tranquil charm of this remote corner of America's Pacific
:16:04. > :16:08.north-west, where a simple sign hangs in the porch of her father's
:16:08. > :16:14.home. Amanda Knox enjoys considerable support here, despite
:16:14. > :16:21.all the unanswered questions. There is no doubt in your mind that
:16:21. > :16:25.she was not... There never was, never was at all. She... From day
:16:25. > :16:28.one, when we heard about it, we thought, this is impossible, we
:16:28. > :16:33.know how a character. She will appear, and we knew it would have
:16:33. > :16:36.been an impossibility for any of the things, the outrageous language
:16:36. > :16:39.of the prosecution tells you everything you need to know.
:16:39. > :16:43.family of Meredith Kercher, the British student who was found with
:16:43. > :16:48.her throat cut, say they are now back to square one in their attempt
:16:48. > :16:54.to find out who killed her. Today, a small OK was tied to a railing
:16:54. > :16:59.outside the house in which Meredith diet, and his sister was asked the
:16:59. > :17:04.question, could they now forgive Amanda Knox? Until the truth comes
:17:04. > :17:11.out, we cannot forgive anyone, because no-one has admitted to its,
:17:11. > :17:17.so until that happens, we still have to wait and see what happens.
:17:17. > :17:22.One person, Rudy Guede, remains in prison for murder's murder. Italian
:17:22. > :17:26.prosecutors have said he acted with others. If it was not Amanda Knox
:17:26. > :17:30.and her former boyfriend, the question is, who was it? The
:17:30. > :17:36.Italian prosecutor plans to appeal yesterday's verdict and take the
:17:36. > :17:39.case to the highest court in a land. But by then, Amanda Knox, whose
:17:39. > :17:45.sensational acquittal led to her being escorted sobbing from the
:17:45. > :17:54.court, will be back home. So, too, her ex-boyfriend, Raffaele
:17:54. > :17:59.Amanda Knox was taken from prison in a carefully planned operation to
:17:59. > :18:03.avoid waiting photographers. She even enjoyed VIP treatment and she
:18:04. > :18:08.changed planes in London. She avoided the spotlight, maybe
:18:08. > :18:12.slightly more difficult when she reaches America.
:18:12. > :18:17.Well, those supporters and friends are determined to do all they can
:18:17. > :18:20.to ensure Amanda Knox privacy. Apparently, despite the Hollywood
:18:20. > :18:26.deals and the talk of book deals and so on, Amanda Knox Valley is
:18:26. > :18:30.nothing more than a return to normality, to rebuild her life, and
:18:30. > :18:35.there are plans to hold a party for her, but the organisers say it will
:18:35. > :18:39.be a private affair, no members of the media will be invited.
:18:39. > :18:43.David Willis in Seattle, thank you. It is 10 years this week since
:18:43. > :18:47.British forces first became involved in Afghanistan, and more
:18:47. > :18:50.than five years since they assumed responsibility for Helmand province.
:18:51. > :18:56.So what has been achieved in that time? Will they plan to withdraw
:18:56. > :19:06.combat troops by the end of 2014 succeed? For the second of our
:19:06. > :19:09.
:19:09. > :19:19.reports on 10 years in Afghanistan, Stabilising Afghanistan has cost
:19:19. > :19:22.
:19:22. > :19:32.Britain 382 lives and billions of The campaign in Helmand is finally
:19:32. > :19:40.
:19:40. > :19:44.But for years, British troops were Development follows security. This
:19:44. > :19:48.is a new road in Nahr-e Saraj district. Perhaps it will turn
:19:48. > :19:54.people against the Taliban. They are still here, though, still able
:19:54. > :20:02.to intimidate the locals. If the Taliban see us talking to
:20:02. > :20:09.you, they will be higher this, he says. -- the head us. The Afghan
:20:09. > :20:15.security forces know that NATO is going, and they are worried.
:20:15. > :20:22.I cannot ensure security here with a few AK-47s, he says. We should
:20:22. > :20:26.not live, without NATO we cannot do this. -- my.
:20:26. > :20:30.Most of the Taliban have now been pushed back from this area, but the
:20:30. > :20:35.intelligence suggests there are a few dozen insurgents still active,
:20:35. > :20:40.and that requires a combined force of NATO and Afghan troops numbering
:20:40. > :20:44.some 2000. That alone tells you why there is such an intense effort now
:20:44. > :20:48.to get a political solution to this conflict.
:20:48. > :20:56.Meanwhile, Nahr-e Saraj could transfer from NATO control in 2012,
:20:56. > :21:00.a sign of success, also of reduced ambitions. It is not about creating
:21:00. > :21:04.a new democracy, it is not about creating new shopping marls and
:21:04. > :21:10.knew everything else. It is actually about restoring what the
:21:10. > :21:15.people had before, and that is where we're at now. What, then, as
:21:15. > :21:20.the British Army's engaged and in Helmand been for? Yes, there has
:21:20. > :21:23.been considerable sacrifice, by many, many courageous people, but
:21:23. > :21:29.actually I would say, you know, look at what we are trying to
:21:29. > :21:33.achieve, and it is to enhance our own national security. And that is
:21:33. > :21:38.a price worth paying. NATO accepts that parts of Afghanistan will
:21:38. > :21:48.remain violent for years to come. The British will maintain a
:21:48. > :21:51.
:21:51. > :21:55.presence here, although more and A helicopter thought to be carrying
:21:55. > :21:57.British tourists has crashed into New York's East River. A rescue
:21:57. > :22:01.operation is under way, and a number of people have been pulled
:22:01. > :22:05.from the water. The NYPD says three people have been taken to hospital
:22:05. > :22:09.and one person is reported to have died.
:22:09. > :22:14.The Welsh government has set out its draft budget with the aim of
:22:14. > :22:17.stimulating the economy and creating jobs, but both the health
:22:17. > :22:21.and education departments get cash rises next year. All other
:22:21. > :22:31.departments will see their budgets cut. Wales political editor Betsan
:22:31. > :22:32.
:22:32. > :22:37.Tough choices for a Labour government with a shrinking pot of
:22:37. > :22:42.cash. Yet Labour fought May's election with a pledge to cushion
:22:42. > :22:45.Wales from cuts. Now they have to deliver. The spending plans I
:22:46. > :22:50.published today set the tone for this assembly's term for a
:22:50. > :22:54.responsible government with a credible budget. Public money spent
:22:54. > :22:58.per head he wears is higher than in England, but what the Welsh
:22:58. > :23:05.government has to spend is falling sharply. This family in Merthyr
:23:05. > :23:11.Tydfil are clear what services they want prioritised. Childcare would
:23:11. > :23:14.be good, I work in the NHS, so I would like a commitment to that.
:23:14. > :23:19.The Conservatives say Labour has chosen to protect free
:23:19. > :23:24.prescriptions before more vital services. Well, sadly, in Wales,
:23:24. > :23:27.people do not have a ring fence health budget. Without a majority
:23:27. > :23:31.inside the chamber, Labour now have to find support for their spending
:23:31. > :23:36.plans. They must either strike a deal with former coalition partners
:23:36. > :23:40.Plaid Cymru or start bargaining with one of the parties they accuse
:23:40. > :23:45.of imposing cuts from Westminster that are too deep, too fast and too
:23:45. > :23:49.savage. Within weeks, the coalition government was set up a commission
:23:49. > :23:56.to consider whether Wales should have more power over its own
:23:56. > :24:01.funding. It is a process that could mean big changes on the horizon.
:24:01. > :24:05.It has been a struggle of David and Goliath proportions, a pub landlady
:24:05. > :24:08.from Portsmouth versus the Premier League. Karen Murphy has won the
:24:08. > :24:12.latest round in a six-year legal battle to screen live Premier
:24:12. > :24:17.League matches using a cheaper foreign provider, rather than the
:24:17. > :24:21.authorised broadcaster, Sky. Sports editor David Bond reports.
:24:21. > :24:25.They are the poster boys who have helped make the Premier League the
:24:25. > :24:31.richest in the world, but with the competition's lucrative TV deals
:24:31. > :24:38.with broadcasters like Sky now be under threat? Unlikely as it might
:24:38. > :24:42.seem, it is all because of his pub in Portsmouth. Five years ago,
:24:42. > :24:46.landlady Karen Murphy bought a decoder to access a cheaper Greek
:24:46. > :24:51.broadcaster. She was fined but Tucker case to the European Court
:24:51. > :24:57.of Justice, which today finally made its decision. So what did the
:24:57. > :25:00.ruling say? On buying live matches from abroad, it was clear. National
:25:00. > :25:04.legislation which prevents the import, sale or use of foreign
:25:04. > :25:09.decoder cards cannot be justified. On selling rights to individual
:25:09. > :25:14.countries, it added, a system of exclusive licences is also contrary
:25:14. > :25:17.to EU competition law. They think they are above the law and can
:25:17. > :25:21.dictate what I do. I should be able to go out, as with any other
:25:21. > :25:26.commodity, and choose to buy from where I like. Why should they
:25:26. > :25:30.dictate that? It is just not right. So what does it mean for the
:25:31. > :25:35.Premier League's TV deals? Today's ruling is likely to force the
:25:35. > :25:39.Premier League to review the way it sells its television rights, but
:25:39. > :25:46.the judgment is far from clear cat, and whatever happens, the League is
:25:46. > :25:49.confident it can avoid a major drop in its TV income. The Leeds said
:25:49. > :25:53.the judgment was complicated, adding that it needed time to
:25:53. > :25:58.consider its implications. -- league. Industry experts agreed it
:25:58. > :26:02.will not lead to financial disaster for English football. It is by no
:26:02. > :26:06.means arm again for the Premier League. In my view, it is no more
:26:06. > :26:08.than a minor inconvenience for the next two years. At the end of this
:26:08. > :26:12.broadcast deal, I'm sure the Premier League will be able to
:26:12. > :26:16.structure their rights so that this does not have a financial impact on
:26:16. > :26:23.them at all. But what does it mean for the creative industry beyond
:26:23. > :26:28.sport? Programmes like Spokes are sold to countries across Europe to
:26:28. > :26:32.help recoup production costs. Today's ruling could dramatically
:26:32. > :26:36.change that market, squeezing smaller film-makers. The big rights
:26:36. > :26:40.holders, like the English Premier League and the Hollywood studios,
:26:40. > :26:45.will do European-wide auctions, which will mean that the big guys
:26:45. > :26:50.were who will be the only ones who can bid for those rights. The final
:26:50. > :26:52.decision on Karen Nye the's case now rests with the High Court. The