HM Treasury's eagerly awaited (yeah, right) dossier on reforming the UK's banking regulations (yeah, right) bears the title Project Merlin.
Any relation to that other wizard wheeze, the disastrously dysfunctional and accident-prone software system used by Conservative Campaign HQ for its electoral campaigns? That was - and is - also called Merlin.
I am informed that the elder Merlin is now much better, sitting up and taking a little light nourishment. Let us hope for proof of its battlefield viability during pre-election April.
He continues to weave his magic then.
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