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"The chancellor subsequently nominated DfT as the source for the government’s funding of the project subject to a satisfactory business case being made for the project."
But the business case was never satisfactory, as DfT's own statement demonstrates, and Dan Anderson's study of the business plan has proved.

If the GBT have secured £69m in private funds, then why have they been going to DfT asking for the release of public funds above the agreed cap - three times?

If the current level of funds is capped @ £9m, and GBT are unable to fund further ongoing costs from other sources, then DfT should not be on the line for a further £13.5m in the event of cancellation. Cancellation fees are GBT's problem if they fail or are unable to keep their side of the funding agreement.

GBT's comparison with the Milenium Bridge is disingenuous. Presumably there were VAT receipts from the 20m this bridge cost the taxpayer too, as well as huge and measurable receipts resulting its role in connection the Tate Modern, Globe Theatre etc etc. to the city.

When will this disaster end?