Rock and a hard place situation for CWL.
The traffic isn't there to fill a large aircraft, so the airlines try smaller ones. With higher seat costs, meaning higher fares. So passengers go to Bristol.
In the meantime, the WG thinks the answer is more borrowing to pay for facilities that no-one needs - when what is there is perfectly fine.
Glad I don't have to worry about this one... and very glad I'm not a UK taxpayer....
TA