Alex Hilton of LabourHome.com introduced by Michael Crick to Michael Ashcroft, “Can you give me £50,000 for my campaign?” Ashcroft “Send me your business plan.” Later, explaining to a very, very, pretty girl, what he does; “My fund is short the market”.

Spotted: Tim Montgomerie and Nadine Dorries sharing a lap-top.

Bell Pottiinger party: we-left-Labour-for-the-Tories to pour champagne down their throats. Not a shadow cabinet member to be seen…

Guido looking gutted, despite being bearish, decides to take time out from the market. Market collapses.