One of Mike Lynch’s neighbours has described him as “generous, humble and full of integrity”, telling Sky News he will “leave a hole that cannot be filled” after his death was confirmed on Thursday.
Mr Lynch, 59, was confirmed dead by local authorities on Thursday after the Bayesian superyacht he was on with his wife and daughter sunk in the early hours of Monday.
Ruth Leigh lived next door to Mr Lynch and his wife Angela Bacares in Suffolk for 15 years.
She described them as “fantastic neighbours” and said the tech tycoon “never played on his position” and was “very friendly and down-to-earth” despite his fortune.
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Mike Lynch’s neighbour: ‘Words fail me’
“Even though they were wealthy and influential people there was never any airs and graces,” Ms Leigh told Sky News.
“He always went to the trouble of remembering your name, of asking after your partner or your children. From the very start they were fantastic neighbours – very friendly and down-to-earth.
“He’d come from a very ordinary background and through his own brains and intellect, he’d made a really great company and come up with some incredible ground-breaking tech. He was always very moral. He gave to charity very generously and never played on his position.”
She described his death so soon after the end of his legal troubles as “the saddest thing I’ve ever heard”.
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“The whole point about this trip to Italy was taking his friends and family to say thank you. That’s what makes it even more tragic,” she added.
“Losing somebody so kind, compassionate, and full of integrity must leave a hole that cannot be filled.”
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Who is Mike Lynch?
Mr Lynch was extradited to the US and spent a year under house arrest in San Francisco before he was cleared of 15 charges of fraud earlier this summer by a jury.
Prosecutors claimed he deliberately overstated the value of Autonomy, the company he founded in 1996, when he sold it to Hewlett Packard in 2011. He always denied wrongdoing.
His former colleague has told Sky News he had a “brain the size of a planet” and was a “lovely man”.
David Tabizel co-founded Autonomy with Mr Lynch and the pair remained good friends. He described him as a “remarkable individual” and the “brightest man I’ve met in my life”.
“He was a lovely man,” he told Sky News. “He had a remarkable set of personality traits that we rarely see in Britain.
“Before him there was no British tech scene. He showed us we can be world-class.”
Mr Tabizel told of Mr Lynch’s “inner child”, that he “loved video games”, had a life-size train set in his garden, and how they animated a cartoon dog for their office, for which they both recorded the “barking noises”.
Commenting on his legal struggles, Mr Tabizel said he “never heard him lie or exaggerate” and he was “interested in the truth… in cutting through the noise”.
“For him to be accused of manipulating his profits. It was an extraordinary thing. It just wasn’t Mike.
“I loved that man and he should be celebrated as a hero.”
David Yelland, Mr Lynch’s former PR adviser and former editor of The Sun newspaper, has paid tribute to him in a post on X.
He said: “All those that knew and loved Mike are thinking of Angela and their surviving daughter Esme as they struggle to come to terms with such unimaginable loss.
“We have lost a man who was failed in life by his country and his peers when he needed them most – as he looked for help in the unjust US demand that he be extradited – and he has then suffered the most unfair and brutal of fates.”
Mr Yelland said he had spoken to Mr Lynch just before he set sail on the yacht.
He also described him as a “dreamer of dreams not just for himself but for all those that knew him, worked with him or invested with him”.
The entrepreneur had “exciting plans to contribute much more to the country he loved,” he added.
His wife survived the disaster but their 18-year-old daughter Hannah is still missing.
Six people are now confirmed to have died on the yacht – Morgan Stanley chairman Jonathan Bloomer, his wife Judy Bloomer, American lawyer Chris Morvillo and his wife Neda, and on-board chef Recaldo Thomas.
Lord Browne, former chief executive of BP and now chairman of BeyondNetZero, said Mr Lynch was “the person who catalysed a breed of deep tech entrepreneurs in the UK”.
“His ideas and his personal vision were a powerful contribution to science and technology in both Britain and globally. We have lost a human being of great ability,” he wrote.
‘Privileged to have known him’
Sky’s Ian King said he “feels very privileged to have known and spoken with Mike Lynch over many years”.
He described him as a “visionary and original thinker with a passion for building businesses”. “There are sadly too few like him in the UK,” he added.
The Royal Academy of Engineering, where Mr Lynch was a former council member, donor, and mentor, said it is “deeply saddened to learn of the death of Mike Lynch”.
Sending condolences to his family, they added: “Mike became a fellow of the Royal Academy of Engineering in 2008 and we have fond memories of the active role he played in the past as a mentor, donor, and former council member. He was also one of the inaugural members on the enterprise committee.”
A spokesperson for technology industry group TechUK said: “Mike Lynch was a hugely significant and pioneering figure in the UK technology sector.
“Our hearts go out to all of the families and friends who have been impacted by these tragic events,” they said.
Mr Lynch’s Autonomy software was based on Bayesian statistical inference – where his family’s ill-fated yacht got its name.
The software’s global success earned him a reputation as the “British Bill Gates” and enabled companies to trawl through huge swathes of data more efficiently.
His Cambridge thesis is thought to be one of the most-read pieces of research in the institution’s library.
There was huge outcry from politicians and business leaders when Home Secretary Priti Patel approved a judge’s extradition order for him to be sent to the US for trial in 2023.
At least eight convictions predating the Horizon Post Office scandal are being looked at by the body investigating potential miscarriages of justice, Sky News has learned.
The Criminal Cases Review Commission (CCRC) has confirmed it is examining multiple cases of former sub-postmasters affected by Capture software.
The computer accounting system was used in the early 1990s, prior to Horizon being introduced to Post Office branches from 1999 onwards.
Horizon was at the centre of the Post Office scandal and saw hundreds of sub-postmasters wrongly convicted of stealing from their branches.
The Kroll report, commissioned by the government earlier this year, found that Capture had bugs and glitches and there was a reasonable likelihood it had caused cash shortfalls too.
Lord Beamish, the former Labour MP Kevan Jones, has been supporting victims and is calling for the government to extend current legislation to automatically quash convictions.
The Post Office (Horizon System) Offences Act was passed in May but does not include Capture victims.
Lord Beamish told Sky News he has raised the issue with the justice secretary and called for a House of Lords debate.
“The government are going to have to take this seriously,” he said. “We can’t have a situation where we have a two-tier system where people get exonerated from Horizon and the Capture cases are either forgotten or have to go through a very lengthy legal process to get their names cleared.”
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He added he had “little faith” in the CCRC’s “ability to deal with cases”, after multiple Horizon cases were referred to the body years ago.
“The problem with these cases is the lack of evidence… that has been destroyed or lost – so actually proving some of these cases through that process will be very difficult.
“Therefore I think a blanket exoneration like we had with Horizon I think has got to be discussed and considered for these cases.”
The CCRC told Sky News it has five cases under review “in which the Capture IT system could be a factor”.
It also said it is “seeking further information” on eight cases referenced in the Kroll report.
The CCRC added that the time taken for a case review to be completed was dependent on the “complexity” of each case “and how readily available information about it is”. In a statement, it admitted: “The availability of information can be a particular hurdle in older cases.”
Chris Roberts’s mother, Liz Roberts, was convicted in 1999 of stealing £46,000 from the Post Office and spent 13 months behind bars.
Liz, who was in the advanced stages of Alzheimer’s disease, passed away earlier this year.
Chris said she was jailed four days before he turned 17, and he used to have “nightmares” that she was “going to die in there”.
“There was no evidence of any financial gain because they went through everything. And obviously the money wasn’t in our accounts because it didn’t exist,” he added.
Despite being offered “three deals” by the Post Office to plead guilty, Liz refused and was sent to prison.
Chris believes that the 2019 High Court win by Horizon victims was a missed opportunity for the Post Office to look back at Capture cases.
“It would have been worth something then because my mum would have died knowing that everybody else knew she was innocent,” he said.
“My dad would have died knowing that the love of his life wasn’t vilified as a criminal.”
Chris wants his mother exonerated and “those actively responsible” to “stand up in court… and justify themselves”.
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Sky’s Adele Robinson examines Britain’s biggest miscarriages of justice
A Department for Business and Trade spokesperson said: “We were horrified to learn about the issues with the Capture system and are working closely across government to thoroughly examine Kroll’s independent report and consider what action should be taken.
“We continue to listen to postmasters and others who have been sharing their views on the report’s findings since its publication last month.”
Long-awaited legislation to abolish England’s “feudal” leasehold property system will be published in the second half of next year, the government has confirmed in a major update for the millions of people affected.
In a Written Ministerial Statement (WMS), housing minister Matthew Pennycook gave the first details of how quickly Labour intend to axe the controversial form of homeownership, as promised in their manifesto.
The minister said there will be a consultation and white paper early next year to get the plan in motion, with the aim to make commonhold “the default tenure” by the end of parliament in 2029.
The news has drawn a mixed reaction from those caught up in the system, with some hailing an end in sight and others saying it is too little too late.
What is leasehold?
Leasehold is a centuries-old form of tenure that is unique to England and Wales. People who buy their home with a lease buy the right to live there for a given number of years but don’t own the land itself, regardless of whether it is a house, or a flat in a building.
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That is the preserve of the freeholder, who can charge expensive ground rents simply for owning the land, as well as service charges for the maintenance and insurance of the properties.
There have long been concerns around leaseholders being exploited, especially by unregulated managing agents who are typically contracted to oversee the day-to-day running of buildings and can charge large fees on any works they arrange.
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Michael Gove in 2023: Leasehold ‘unfair form of property ownership’.
Criticism intensified after the building safety scandal that emerged post-Grenfell with many homeowners facing crippling bills for remediation, leaving them stuck in worthless properties they cannot sell.
That’s the case for leaseholder Peter Batt, who has not been able to live in his “once lovely” flat in Kent for the past nine months because the roof of the building has “completely failed and is disintegrating”.
This has caused damp, black mould and leaks so severe his neighbour’s ceiling below him has collapsed
The problems were raised to the building’s managing agents in February but no remediation has occurred.
Last week he was told he’d need to cough up £18,000 for his share of the works before any repairs can go ahead – money the 60-year-old doesn’t have.
“I genuinely see no way out unless I win the lottery, it’s been an utter nightmare”, he told Sky News.
Mr Batt and his neighbours want a temporary tin hat cover to be prioritised, given this was recommended by surveyors back in April to stop the situation deteriorating – which they say it now has.
But they have “no say over this despite shouldering all the costs”, Mr Batt added.
“The government need to look at root-and-branch reform because, in my experience, all the parties currently charged with maintaining building such as my own are incentivised almost solely around maintaining their revenue stream.
“Under the current system, no one is on the leaseholders’ side and that has to change.”
‘Death knell of leasehold’
In his WMS, Mr Pennycook said the government will introduce a “comprehensive new legal framework” on commonhold, including banning the sale of leasehold flats and converting existing leasehold tenures to the new model.
Proponents of commonhold say it would drive up safety standards, as it would give flat owners more control of the maintenance of a building while removing the cash incentive for developers to build homes on the cheap – knowing leaseholders can pick up the costs.
Sebastian O’Kelly, of the Leasehold Knowledge Partnership, welcomed today’s announcement as the “death knell of leasehold”.
He advised people not to buy leasehold properties as “the market will force pace on this”, pointing out that some developers have recently come out in support of commonhold while others “whose reputations have been shredded by the Grenfell findings will follow”.
He told Sky News: “With this momentum the reforms to improve the blighted lives of existing leaseholders will be eased. Government may think this process will be slow, but house builders will know that the leasehold game they have played so assiduously is busted.”
Delay in implementing Tories’ ‘half-baked’ reforms
But there was a more muted response from the National Leasehold Campaign, which has spent six years trying to dismantle the system.
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‘Exorbitant’ ground rents for ‘no service’
As well as announcing a roadmap for abolishing leasehold, Mr Pennycook set out a timeline for implementing reforms in the Tories’ Leasehold and Freehold Reform Act (LFRA), which just about made wash-up when Rishi Sunak called the July election, after being watered down by then housing secretary Michael Gove.
The LFRA promised to abolish leaseholds on new houses but not new flats, which make up 70% of the estimated 5 million leasehold properties in England.
It also aimed to give leaseholders more rights and protections, but Mr Pennycook said the act was “half baked” so there would be delays in implementing some of its measures.
Crucially, that includes rules around new valuations, which will be consulted on next summer, he said.
‘Endless cash cow continues’
The NLC called this “very disappointing” as the mechanism was designed to make it quicker and cheaper for people to buy their freehold or extend their lease “enabling them to sell their properties and move on with their lives”.
“Our main concern now is the fate of existing leaseholders who are currently suffering at the mercy of unregulated managing agents and unscrupulous freeholders,” it added.
“The government’s published intention to ‘act as quickly as possible’ will not be quick enough and we are already seeing the despair from some NLC members who are facing bankruptcy due to escalating service charges.
“Since 2018, leaseholders have heard time and time again from former government ministers that they will end the abuses but in reality nothing has changed for existing leaseholders. Using our homes as an endless cash cow continues and millions remain trapped.”
The main fall off in buying was in clothing stores, which fell by 3.1% over the month as October temperatures remained high. Retailers across the board, however, reported consumers held back on spending ahead of the budget, the ONS added.
Just a month earlier, in September, spending rose 0.1%. Despite the October fall, the ONS pointed out that the trend is for sales increases on a yearly and three-monthly basis and for them to be lower than before the COVID-19 pandemic.
Retail sales figures are significant as household consumption measured by the data is the largest expenditure across the UK economy.
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The data can also help track how consumers feel about their financial position and the economy more broadly.
Rebounding already
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Also released on Friday was news of a rise in consumer confidence in the weeks following the budget and the US election.
Market research company GfK’s long-running consumer confidence index “jumped” in November, the company said as people intended to make Black Friday purchases.
It noted that inflation has yet to be tamed with people still feeling acute cost-of-living pressures.
It will take time for the UK’s new government to deliver on its promise of change, it added.
A quirk in the figures
Economic research firm Pantheon Macro said the dates included in the ONS’s retail sales figures could have distorted the headline figure.
The half-term break, during which spending typically increases, was excluded from the monthly statistics as the cut-off point was 26 October. Typically midterm is included in the data.
With cold weather gripping the UK this week clothing sales are likely to rise as delayed clothing purchases are bought, it added.