Hi all I have a 72 Clubman, which I have previously had issues with charging with. After replacing the volt regulator and the dynamo and making sure things were plugged in properly we finally got the battery light to go out. We have then done about 12 miles in the car when the battery light comes back on the volt gauges now starts to read not charging again, this light flickers out over 50mph but then comes back on again.
Has anyone got any ideas on what could have gone now, we have checked connections and all obvious stuff but it seems we are back to square one 
I had very similar problems with dynamo not charging on my '71 Mk3. After trying replacement dynamo and voltage regulators and getting nowhere fast I decided to change out the whole wiring loom with replacement from Minispares, as several of the wires to the regulator were fraying at the ends and showing too much bare wire for my liking.
The difference with the new loom fitted was transformational. As well as charging properly again all of the electrics are now working just as they should, the lights don't go dim at tickover and the indicators are regular as clockwork.
It's a bit of effort to change the loom, but not deadly. With the Clubbie version you may also have to contend with the circuit board connections on the back of the instrument cluster, which I have heard can get brittle with age. If your loom is in very good condition it may be worth checking this out before going down the loom replacement route.