And then when Tubular Bells came out, I was massively successful and I thought I wouldn’t have to worry about money any more. But with success comes all sorts of problems.
The tax rate was horrendously high in the Seventies, and the royalties, especially those from abroad, took years to filter through. So even though Tubular Bells was a worldwide number one album, I had to ask to be put onto the Virgin payroll at £25 a week and to get luncheon vouchers to use in cafeterias for a free lunch. Then when the first million came in, I remember having to pay £860,000 in tax. Can you believe it?
Can’t wait to bring back those happy Fair-Share days of the 70s!