In a remarkable volte-face, it seems that the ICAEW has abandoned plans to change its name to the Institute of Chartered Accountants.
A spokesman for the English institute is quoted in The Herald as saying that the proposal had been scrapped "after consultation with members."
This is odd considering the fact that Eric Anstee had announced that, despite the merger vote fiasco, he was going to go ahead with the change of name anyway.
I wonder if this particular U turn has more to do with the opposition from ICAS, other professional bodies and politicians, rather than the views of the members of the ICAEW?
Whatever the reason, it is yet another humiliating defeat for the current leadership of the ICAEW.