[VE][68] Error Message Feedback

Validating http://www.bensonstheguesthouse.co.uk/
Error [68]: "end tag for X omitted, but its declaration does not permit this"

The line in question was

<FONT style="FONT-SIZE:24pt" color="#4A004A" face="Times New Roman"><B><I>&quot;All the warmth and friendliness of a </B></I></FONT>

The error message points at </B> and states no end tag for I (but it is there behind it)

There is then a second error message which points at </I> and states end tag for "I" but "I" not open. 

The validator seems to expect the </I> to precede the </B> tag but there is no logical reason why it should - the italics would not necessarily end at the same place in the text as the bold does.