Many of us were sceptical from the beginning, that it was all a cruel con trick to win support from the staff and just so much window-dressing, smoke and mirrors. Even if successful, they would merely be wolves in sheep's clothing having to make swingeing cuts in order to undercut all the big boys.
Of all the mutuals that emerged, the one covering Kent Surrey and Sussex seemed to press all the right buttons for the government, especially as Sarah Billiald the CEO had previously been a civil servant and had worked in the No10 policy unit. Surely this one would win so that Grayling could say TR was a huge success? Err, no! I'm told Chalk Ventures, the consortium with A4E, pulled out on Monday.