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England manager Gareth Southgate has signed a new contract to keep him in the role until December 2024.
Southgate, whose previous contract was set to run out after the 2022 winter World Cup in Qatar, has been manager of the national side since November 2016.
He led England to the final of Euro 2020 - their best men's performance in 55 years - in July.
"It remains an incredible privilege to lead this team. We have a great opportunity in front of us," he said.
Southgate will oversee England's progress at next year's World Cup, which runs from 21 November-18 December, and the qualification stages for Euro 2024, with the tournament taking place from 14 June-14 July.
Assistant manager Steve Holland has also agreed a new deal through to the end of 2024.
"I would like to take this opportunity to thank the players and support team for their hard work," Southgate said.
"I know they and the fans are all excited about what this squad could achieve in future."
Southgate initially took over as caretaker manager from Sam Allardyce in September 2016 before being appointed permanently two months later.
In 2018, he led England to the World Cup semi-finals for the first time in 28 years.
Under his tenure, they also finished third in the Uefa Nations League before reaching the Euro 2020 final, where they lost on penalties to Italy - their only defeat of the year.
"Over the last few months I've managed some of the biggest games in world football," Southgate said.
"There are no shortcuts to those moments. When you have a good team and have done a lot of work culturally, where they are a good team, you want to see it through and have a go.
"It's difficult to win major tournaments, we've only won one World Cup, but we have to believe that's possible. It's an aim we have as a team."
England have won 44 of their 68 matches under Southgate, with 14 defeats and 10 draws.
They thrashed San Marino 10-0 in their most recent international outing to secure their place at next year's World Cup finals in Qatar and Southgate said he is "looking forward to making new memories."
"England has been a massive part of my life as a supporter, player, under-21 manager and now manager.
"The tournaments and big matches are what inspired me as a kid and to be able to connect people to that has been very, very special - and the team can still improve and want to improve.
"To step away at a moment where the next few years could be very exciting would have stayed with me. I was very happy to commit to a project I really believe in.
Southgate said he is also excited by the potential in the England team's future and his aim is to make sure the side "always evolves" and is "always competitive".
"We can see what's possible with the existing squad and some of the players coming through our age-group teams," he added.
"I think what you hope is that you want sustained success. When you look at the top nations over years and years - Germany, Italy, France - they've had odd fallow periods, but generally they've always been competing for major tournaments.
"We have to make sure our team always evolves and is always competitive. We're now in a group of teams who can genuinely challenge. That wasn't the case six or seven years ago. We went with hope, but now we can genuinely be positive.
"We know expectations are higher but that's fine, the team is better than three years ago."
It has been widely reported this new contract will increase Southgate's salary to between £5-6m a year.
The performance against Hungary looked like a group of players more interested on being on a beach rather than on a football field.
It's been a long season in the Premier League and the performances of the English players proved that.
Yes it did and this excuse came from the commies also.
England players are very rich, they get nothing to play for England. They also dont have the worlds best players around them as they do at City or LFC, which shows in their football.
England have no chance to win the world cup with this manager, too defensive and not very inspiring.
England to reach quarter finals at best in the World Cup, esp since they will be up against the top teams at this stage.
<b>Gareth Southgate: After a 'damaging & humiliating' defeat, can England boss be a winner?</b>€’
Gareth Southgate has had nights of deep disappointment as England manager before, but none laced with the level of vitriolic personal abuse and scrutiny that followed humiliation by Hungary at Molineux.
The loss to Croatia in the last four of the 2018 World Cup in Russia and the defeat by Italy on penalties in the Euro 2020 final last July fell under the banner of glorious failure, as England were in territory they had not occupied in so long.
Southgate's own status as - so the song went - "the one" was largely untouched among England supporters, even though his conservative approach in both those games had been revisited amid a dreadful start to their Nations League campaign.
The 4-0 embarrassment at the hands of a workmanlike but hardly world-class Hungary side was different. Very different.
Southgate was the main target for a mutinous Molineux as the pain piled up with loud chants of "You don't know what you're doing" as a result of the worst performance in his six years and 74 games as England manager.
Of course Southgate knows what he is doing. It was only a year ago he led England to their first major final since they won the World Cup in 1966. They have cruised through qualifying for Qatar - although so they should.
Is Southgate the winner England have wanted for 56 years? This remains an unanswered question.
We will find out more in Qatar and there is no doubt this World Cup will shape his future, even though he is contracted for two more years afterwards.
Memories for football managers are notoriously short, especially with England, and Southgate is going nowhere. Nor should he with the World Cup in Qatar only six months hence. It is not even a debate for someone who has achieved what he has in his two major tournaments.
This does not stop the growing and obvious concerns around an England team now facing relegation in the Nations League and without a goal in open play for six hours.
Southgate has been surrounded by grumblings of discontent and off-stage chuntering throughout these recent games as England have been uninspired, out of sorts and, well, just deadly dull.
Manager and players needed a convincing win to round off the season and stem those growing gripes, but instead all they got was an England horror show as they were clinically taken apart by a Hungary side ranked 40th in the world.
Again, there must be context.
Many England players have looked exhausted at the end of an arduous season. Southgate himself has cut a more world-weary figure than usual as this international break has moved through defeat in Budapest, a late draw via Harry Kane's penalty in Munich, the goalless draw with Italy, then carnage against Hungary.
There is also no escaping the brutal reality that England do not resemble a team that has moved forward in the past 12 months and now have only two more Nations League games, against Italy and Germany in September, to start looking like one.
Old faults remain, such as the over-reliance on Kane, while the performance of John Stones, even though his sending off was ridiculous, will do nothing to lower pulse rates at the prospect of his partnership with Manchester United captain Harry Maguire handling world-class forwards in Qatar.
It was also not a bad night for Everton goalkeeper Jordan Pickford to have off, his status as England number one further enhanced as Arsenal's Aaron Ramsdale found himself stuck behind such a wretched performance.
Southgate and England need this summer break to refresh minds and legs, to dissect what has happened not just in the past fortnight but throughout a lacklustre 12 months.
He will hope players who have looked leg-weary are refreshed and come through the first three months of the Premier League season unharmed, because much depends on it for Southgate and England.
BBC
What a spirited comeback from Southgate’s England against Germany!
England dead and buried at 0-2 down… now suddenly 3-2 up!
Can they hold on?
(No… 3-3 now!)