The cost to the taxpayer of the failed bidding process is estimated at 40
million pounds.

Transport Secretary Patrick McLoughlin has offered this explanation:

CUT NO: 042
OUT: different information
DUR: 13"

The government says it got its sums wrong on the multi-million pound franchise
after a 15-month bidding process.
 
Two enquiries have been launched into what went wrong and three DfT officials
have been suspended. 

These passengers in Glasgow have mixed feelings about the contract being
cancelled:

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OUT: with you
DUR: 13"

Sir Richard Branson's been highly critical of the way the contracts are
awarded - and says the government has done the right thing:

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OUT: win it
DUR: 11"

Sir Richard says Virgin are happy to continue running the service while the
process is re-launched.

Labour meanwhile, has expressed what it calls "absolute astonishment" at the
fiasco.

[Total 01:29]