I got good advice once. Someone said to me: 'Live in your money rather than look at it.

Money brings you security and choice. You can make decisions in a different way if you have a lot of money. But when you have nothing, you have a naivety, and a more fearless attitude because you have nothing to lose.

Whether they run a record company or a grocery store, every boss will tell you you're in big trouble if you're borrowing more than you can ever afford to pay back. Delaying the pain for future generations is suicidal. We've got to start getting the deficit down right now, not next year.

What I would argue in my defence is that shows like Britain's Got Talent and The X Factor have actually got people more interested in music again and are sending more people into record stores.

I think you have to judge everything based on your personal taste. And if that means being critical, so be it. I hate political correctness. I absolutely loathe it.

I look at him [son Eric] and I think of my dad all the time.... I was born to be a dad.

If you've got a big mouth and you're controversial, you're going to get attention.