Andrew
The fuel is coming up though the rubber gland that is supposed to seal the cable. No problems with the top plate fixing. From what I can see it is not a very good design. Basically the cable is sheathed in heat shrink sleeving and goes through a lower brass fitting containing a thick rubber grommet. The brass fitting screws onto the other brass fixing (that is part of the bit going through the top plate) trapping the grommet and squeezing it when tightened. Unfortunately if the fitting is tightened too much the grommet squeezes out of the end distorting it and allowing fuel past. If not tightened sufficiently it will leak. Ideally the lower fixing should have a hole no larger than the cable so the grommet has nowhere to escape.
Unlikely any fuel will escape under normal filling/driving but if the car is left to stand with a full tank it becomes pressurised due to evaporation and changes in ambient temperature forcing petrol out through the gland. SNGB say the gland pressure can be adjusted, with experience, to maintain the seal integrity but my original and their carefully fettled replacement make that seem a difficult task. Three solutions I can think of:
1. Redesign the bottom fixing to have a smaller hole to match the cable diameter so the grommet can't escape and distort. A slightly thinner grommet would also be sensible to allow it room to expand and it would make assembly easier.
2. Fundamental redesign of the cable management system perhaps mimicking the original Lucas system of a braided sealed pipe but that may be impractical.
3. Apply a few drops of Petro Patch down the cable exit to permanently seal it.
The problem only came to light because I was low on fuel and filled the tank before putting the car away - not something I usually do. So until we have some guidance from SNGB best to leave the tank not quite full - I took out 8 litres from a full tank and the leak stopped. Unfortunately you will only know if you have a problem once the pump is installed and the tank is full as there is no other way to test it. You then have to remove the pump to attempt to fix it and that is a nerve racking thing to do especially when you have your wife angrily telling you of your selfishness in potentially blowing up the house and yourself

Should never have told her! Incidentally is is safer to work on an almost full tank or an empty tank?