On one level, going bust didn't bother me. It was the 80s, and there wasn't the stigma about bankruptcy that you might think. My mates weren't bothered. My dad was in business.. he knew that it happened, too. He loaned me the money to bail me out, and I got a loan from the bank to pay him back.

I don't want to tell a 15 or 14 year old what they should be doing. I want them to tell me. And that's what I got when I met Justin Bieber for the first time.

For the music business, social networking is brilliant. Just when you think it's doom and gloom and you have to spend millions of pounds on marketing and this and that, you have this amazing thing now called fan power. The whole world is linked through a laptop. It's amazing. And it's free. I love it. It's absolutely brilliant.

I grew up when the whole Motown thing was huge. The charts in those days were dominated by groups more than solo artists at one point.

I was bought an electric guitar when I was 12, but my guitar teacher beat me up. I didn't like guitar lessons... My teacher was obviously bored giving me lessons, and one day I offered him a liquorice toffee, but he didn't answer. So I threw it at him, it hit him in the face, and he sort of beat me up.

Rules equal boredom, and I don't like that.

It simply works. You do it twice a year. Who cares? And it balances my smoking and drinking.