Marcus Rashford, Jadon Sancho and Bukayo Saka missed from the spot as England’s hopes of ending their 55-year major trophy drought suffered a huge blow in a crushing Euro 2020 final defeat to Italy.

When Jordan Pickford saved from Andrea Belotti there was real hope of a first major trophy in 55 years and ultimate redemption for Southgate, who missed a decisive spot-kick in the semi-final of Euro 96, but from the brink of glory in front of their own supporters at Wembley, England collapsed.

Rashford rolled a tame shot against the post and Sancho and Saka saw Gianluigi Donnarumma save their efforts in a 3-2 shootout defeat, sparking celebrations from the Italian players and the small but vocal cluster of their fans at the other end of the pitch.

Luke Shaw had given England a dream start, scoring his first goal for his country and the fastest of a Euros final ever, when he met a deep cross with a thumping half-volley just three minutes in. Southgate’s surprise wing-back system was causing Italy real problems but Roberto Mancini’s side wrestled control of possession and set about wearing their opponents down.

The deserved equaliser eventually came from a set-piece, with veteran defender Leonardo Bonucci tapping in after a scramble on 67 minutes and becoming the oldest goalscorer in a Euros final, and he was one of three Italians to find the net from 12 yards at the end of extra-time to seal their second Euros crown after their first in 1968.