Celt Gelt

This little beauty comes from Hereward the Wake.

"CeltGelt", written across the face of famous Scottish economist Adam Smith (the first Scotsman to appear on an English banknote- no Englishman has yet appeared on any of the numerous Scottish bank notes), refers to all the money that is taken from England and given to Scotland every year. Last year, roughly £9 billion was given to Scotland. This is because of the Barnett Formula, which works out how much of the UK tax pot is dished out to the countries of the UK. For the last couple of decades, it has been outrageously unfair to England.

There is now a campaign urging everyone to write "CeltGelt" on their £20 notes. Not just in protest at the Barnett Formula, but at the fact that Edward Elgar- composer of the music to "Land of Hope and Glory", was taken off our £20 notes and Scotsman Smith put in instead.

My £20 is in the post to you, Hereward.