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While lead singer Noddy Holder and bassist Jim Lea (who jointly wrote Merry Xmas Everybody) net an average £250,000 each in annual royalties from their most famous song, the two other members don’t earn a bean from it This week, Holder revealed: ‘It really saddens me that the four guys who were in Slade [himself, lead guitarist Dave Hill, Jim Lea and drummer Don Powell] can’t get together and sit round the dinner table.

Though they complained that most of their earnings disappeared in tax — then levied at up to 90 per cent — all the members initially enjoyed a lavish lifestyle.

How ironic, then, that relations between the band members who recorded it are so bad that they are no longer on speaking terms.

Needless to say, the thorny issue of money lies at the root of their spat, not least the fact that while lead singer Noddy Holder and bassist Jim Lea (who jointly wrote Merry Xmas Everybody) net an average £250,000 each in annual royalties from their most famous song, the two other members don’t earn a bean from it.

They formed an inspired writing partnership, churning out raucous songs with gleefully misspelt titles — Coz I Luv You; Mama Weer All Crazee Now — that drew outraged complaints from Britain’s teachers, but lucrative royalties.

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