Mike Lynch's £700m payment to HP explained
The sum relates to HP's ill-fated 2011 acquisition of British software firm Autonomy, which HP claimed was based on an inflated valuation due to fraud.
HP had accused Dr Lynch and Mr Hussain of orchestrating an elaborate fraud before the $11.1 billion purchase, a deal that subsequently unravelled.
A judge had previously ruled in HP's favour in 2022, with this week's decision determining the specific damages owed.
Dr Lynch, who died last year, consistently maintained his innocence and was acquitted of related criminal charges in the US.
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Sky News
2 hours ago
- Sky News
Gary Neville hits out at national insurance rise - and makes prediction for Manchester United's season
Gary Neville has criticised the government's national insurance (NI) rise this year, saying it could deter companies from employing people and "probably could have been held back". The former Manchester United and England footballer-turned business owner, who vocally supported Labour at the last election, employs hundreds of people. But he expressed his frustration at the recent hike on employers' NI, which has significantly increased the taxes businesses have to pay for their employees. Speaking to Sky News' Business Live, Neville said: "I honestly don't believe that, to be fair, companies and small businesses should be deterred from employing people. So, I think the national insurance rise was one that I feel probably could have been held back, particularly in terms of the way in which the economy was." While the Sky Sports pundit thought the minimum wage increase introduced at the same time was necessary to ensure that people are paid a fair wage and looked after, he made it clear the double whammy for businesses at the start of April would be a challenge for many companies big and small. "I mean look it's been a tough economy now for a good few years and I did think that once there was a change of government, and once there was some stability, that we would get something settling," he said. "But it's not settling locally in our country, but it is not settling actually, to be fair, in many places in the world either. "I don't think we can ever criticise the government for increasing the minimum wage. I honestly believe that people, to be fair, should be paid more so I don't think that's something that you can be critical of. I do think that the national insurance rise, though, was a challenge." Neville's business interests are diverse, spanning property development, hospitality, media, and sports. He co-founded GG Hospitality, which owns Hotel Football and the Stock Exchange Hotel, and is involved in Relentless Developments, focusing on building projects in the North West. He is also a co-founder of Buzz 16, a production company, and a partner in The Consello Group, a financial services company. The tax increase is expected to raise £25bn for the Treasury, with employers having to pay NI at 15% on salaries above £5,000, and up to 13.8% on salaries above £9,100. The rise has already led the Bank of England to warn that it is contributing to a job market slowdown. 3:03 Governor Andrew Bailey warned last month that "the labour market has been very tight in the past few years, but we are now seeing signs that conditions are easing, employment growth is subdued, and several indicators of labour demand and hiring intentions have softened". The government has defended the tax increase, announced by Rachel Reeves in last year's budget and implemented in April, arguing that the money was needed to pay for public services like the NHS to help bring down waiting lists. 'Can't get any worse' for Man Utd Neville conceded that turning beleaguered football club Manchester United around could prove more difficult than trying to bring about substantial economic growth. The side finished 15th last season - its worst performance in the history of the Premier League. "Yeah, that could be a bigger challenge than the economy… I think the two signings are good signings yet, there's a couple more needed," Neville said of his former club's fortunes. "I think they need a goalkeeper. And I think if they fill those two positions with decent signings, then United can have a lot, I mean, they have to have a better season than last year. It can't get any worse, really."
Leader Live
5 hours ago
- Leader Live
Foreign repression on UK soil rising ‘unchecked', MPs and peers warn
In a report published on Wednesday, the Joint Committee on Human Rights said transnational repression had increased in recent years, with foreign states using online harassment, lawsuits and physical violence to intimidate people in the UK. MI5 investigations into threats from other states have increased 48% since 2022, the report said, while committee chairman Lord David Alton warned the rise was 'going unchecked'. He said: 'This risks undermining the UK's ability to protect the human rights of its citizens and those who have sought safety within its borders. 'We have seen prominent cases of Hong Kongers with bounties placed on their heads, Iran intimidating journalists – but evidence submitted to the inquiry suggest this may be the tip of the iceberg.' The warning comes amid rising concern about transnational repression, including reports that China has offered rewards for people turning in pro-democracy Hong Kong activists based in the UK. Last month, Parliament's Intelligence and Security Committee warned that Iran had attempted to kidnap or murder at least 15 UK-based people since 2022, while Russia has also targeted dissidents including the attempt to kill Sergei and Yulia Skripal with Novichok in 2018. While the cross-party human rights committee said China, Russia and Iran were the 'most flagrant' perpetrators of transnational repression in the UK, it highlighted evidence suggesting a string of other countries including India, Rwanda, Pakistan, Egypt, Saudi Arabia and Bahrain had sought to target people in Britain. MPs and peers said they had also received 'substantial' evidence of intimidation by the Eritrean government, including surveillance of anti-government activists and infiltration of community groups and churches in an effort to isolate opponents of the regime. The committee went on to criticise Interpol, saying the organisation had refused to acknowledge misuse of 'red notices' – international requests for an arrest – to harass dissidents or take any steps to address this. Almost half of the 6,550 public red notices currently in circulation have been issued at Russia's request. Lord Alton said: 'We want to see a two-pronged approach from the Government. 'More needs to be done to give support and protection to the individuals and communities most at risk of transnational repression. 'We also want to see transnational repression prioritised in diplomatic relations and leadership at an international level to tackle the misuse and exploitation of systems of justice to silence and intimidate.' As well as pressing Interpol for action on abuse of red notices, the committee urged the Government to provide more training on transnational repression for police officers in the UK and greater protection from vexatious lawsuits known as Slapps (strategic lawsuits against public participation). The committee also called for China to be placed in the highest tier of the foreign influence registration scheme that came into effect last month, saying its omission risked 'undermining the credibility and coherence' of the scheme given the extent of Chinese transnational repression. An Interpol spokesperson said: 'Every year, thousands of the world's most serious criminals are arrested thanks to Interpol's systems. 'Children are saved from sexual exploitation and terrorists, cyber criminals and traffickers are brought to justice. 'Interpol knows red notices are powerful tools for law enforcement co-operation, which is why we have robust processes for ensuring that all Interpol notices and diffusions comply with our rules. 'Our constitution forbids Interpol from undertaking activities of a political, military, religious or racial character and all our databases and activities must also comply with the universal declaration for human rights.' A Home Office spokesperson said: 'We take the threat of transnational repression extremely seriously. 'Any attempts by a foreign state to coerce, intimidate, harass, or harm individuals on UK soil are considered a threat to our national security and sovereignty, and will not be tolerated. 'The committee's review echoes many of the same findings and recommendations from the Defending Democracy Taskforce report on TNR, published in May, and we are already taking action arising from those recommendations to further strengthen our response.'
North Wales Chronicle
5 hours ago
- North Wales Chronicle
Foreign repression on UK soil rising ‘unchecked', MPs and peers warn
In a report published on Wednesday, the Joint Committee on Human Rights said transnational repression had increased in recent years, with foreign states using online harassment, lawsuits and physical violence to intimidate people in the UK. MI5 investigations into threats from other states have increased 48% since 2022, the report said, while committee chairman Lord David Alton warned the rise was 'going unchecked'. He said: 'This risks undermining the UK's ability to protect the human rights of its citizens and those who have sought safety within its borders. 'We have seen prominent cases of Hong Kongers with bounties placed on their heads, Iran intimidating journalists – but evidence submitted to the inquiry suggest this may be the tip of the iceberg.' The warning comes amid rising concern about transnational repression, including reports that China has offered rewards for people turning in pro-democracy Hong Kong activists based in the UK. Last month, Parliament's Intelligence and Security Committee warned that Iran had attempted to kidnap or murder at least 15 UK-based people since 2022, while Russia has also targeted dissidents including the attempt to kill Sergei and Yulia Skripal with Novichok in 2018. While the cross-party human rights committee said China, Russia and Iran were the 'most flagrant' perpetrators of transnational repression in the UK, it highlighted evidence suggesting a string of other countries including India, Rwanda, Pakistan, Egypt, Saudi Arabia and Bahrain had sought to target people in Britain. MPs and peers said they had also received 'substantial' evidence of intimidation by the Eritrean government, including surveillance of anti-government activists and infiltration of community groups and churches in an effort to isolate opponents of the regime. The committee went on to criticise Interpol, saying the organisation had refused to acknowledge misuse of 'red notices' – international requests for an arrest – to harass dissidents or take any steps to address this. Almost half of the 6,550 public red notices currently in circulation have been issued at Russia's request. Lord Alton said: 'We want to see a two-pronged approach from the Government. 'More needs to be done to give support and protection to the individuals and communities most at risk of transnational repression. 'We also want to see transnational repression prioritised in diplomatic relations and leadership at an international level to tackle the misuse and exploitation of systems of justice to silence and intimidate.' As well as pressing Interpol for action on abuse of red notices, the committee urged the Government to provide more training on transnational repression for police officers in the UK and greater protection from vexatious lawsuits known as Slapps (strategic lawsuits against public participation). The committee also called for China to be placed in the highest tier of the foreign influence registration scheme that came into effect last month, saying its omission risked 'undermining the credibility and coherence' of the scheme given the extent of Chinese transnational repression. An Interpol spokesperson said: 'Every year, thousands of the world's most serious criminals are arrested thanks to Interpol's systems. 'Children are saved from sexual exploitation and terrorists, cyber criminals and traffickers are brought to justice. 'Interpol knows red notices are powerful tools for law enforcement co-operation, which is why we have robust processes for ensuring that all Interpol notices and diffusions comply with our rules. 'Our constitution forbids Interpol from undertaking activities of a political, military, religious or racial character and all our databases and activities must also comply with the universal declaration for human rights.' A Home Office spokesperson said: 'We take the threat of transnational repression extremely seriously. 'Any attempts by a foreign state to coerce, intimidate, harass, or harm individuals on UK soil are considered a threat to our national security and sovereignty, and will not be tolerated. 'The committee's review echoes many of the same findings and recommendations from the Defending Democracy Taskforce report on TNR, published in May, and we are already taking action arising from those recommendations to further strengthen our response.'
