So, it turns out that Welsh members of the ICAEW, not only want to stop the merger with CIPFA (and possibly CIMA), but they’ve had enough of being linked with England’s institute altogether.

The wailing was brought to TS’ attention by Bruce Lawson, who is rallying opposition to any attempt at consolidation.

Lawson explained to TS that Welsh members are so fed up with talks of a merger, that some of them would prefer an entirely separate Welsh institute.

Perhaps demergers are the new mergers? Somehow we suspect Messrs Anstee and Druckman would not see it that way.