To me, songs come of their own volition - and with an open-ended philosophy.

I made the decision to take on board the critical feedback. Reviews are something you can easily ignore as a performer or writer but I chose to not ignore them here and I think that I benefited. I think I'm stronger for it - and I have a tougher skin as a result.

I think I've done a pretty fantastic job, but of course I want to sell millions of records.

I've had my ups and downs, and I definitely have a sense - in America, especially - that once you've made your mark and gotten your Rolling Stone piece and your Grammy nomination, that they're on to the next piece of meat, and they don't necessarily like to follow the twists and turns of an artistic career.

Things that are unique and rare will cost a lot of money. Houses in East Hampton and Malibu will cost a lot of money because there just aren't that many of them. The value of sports has appreciated because it's the only thing that people have to watch live.

Sudden money is going from zero to two hundred dollars a week. The rest doesn't count.

You do need more revenues, and you do need to cut expenses. But you also don't want to go in a direction whereby increasing taxes creates a reticence to create new jobs. You don't want to increase taxes on work. You don't want to increase taxes on investment and the creation of wealth.

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people.