It's one of the basic tools of any magician — control of the audience's attention. It's said that a good magician knows at all times where the audience is looking, and controls it. Misdirect the audience into looking at your right hand, while your left hand palms the coin. Or, if that fails, use the Glamourous Assistant as the focal point.

Today's lesson in stage magicianship comes from our old friends, the Labour Party. While you're all looking at the left hand waving goodbye (or the Glamourous Assistant), the right hand is busy palming £400m of my money and yours.

That 8% cost slippage (that's £2.4bn so far, or 76% of the original budget for those keeping count) came out in the Gateway Review, a month past the required deadline, and just happened to be published within a few minutes of the Dear Leader's Resignation Speech. Mind you, the only reason it came out at all was because the courts ordered to be published.

Yes, it seems that even in its death throes, the Blair Project cannot resist spinning for all its worth. It's another Good Day to Bury Bad News — an open goal so wide that we should have seen it coming a mile off.

Oh, we did.