Its not so much what they will say on the panel, but what the questions will be from the audience. Expect a no-holds barred audience attack. Wonks and political anoraks can’t wait…

Comments will be open tonight for readers to online live blog – readers are invited to NOT hold back. Get it all off your chest. See you back here at 10.30pm. Guido will be trying to operate the Mumble-O-Meter and drink simultaneously, without a safety net…

How long before Basher reminds us he was broughtupbyasinglemotherinacouncilhouse, or Smoothie tells us he knowstheheartbreakofadisabledchild? 5 minutes? 10 minutes?

UPDATE : An hour later, Tim Montgomerie decides he too is live blogging the debate as well.

Its 4am in the morning and a crazed redhead assaults her Eastenders soap star husband allegedly. The police take her away. A great Sun front-page story.

Is she fit to edit a national newspaper? Will she write about “My ***** and ***** shame?” There will, Guido suspects, be a seat going spare at the 50th Women of the Year Lunch today. Redheads do have a temper…

UPDATE: Apparently they were earlier out on the piss commiserating with Blunkett. You couldn’t make it up.

So the government avoided humiliation by one single vote last night. They would have been humiliated and their attack on the civil liberties of young muslim men defeated.

If only George Galloway had actually bothered to turn up and vote…

On Monday Blunkett said the family trust would sell the shares at no profit. In fact after the costs of establishing the trust are taken into account it would probably be at a loss. Then he resigned the next day. So if he has sold the shares it was unnecessary now he is once again a powerless backbencher. So Blunkett (or he would say the trust) will miss out on pocketing a few hundred thousand pounds when DNA Bung-Sciences floats. Bad timing and bad judgement.

Or will he? Has he actually sold the shares?

Guido too was unlucky. Blogging Blunkett’s downfall instead of betting on it yesterday morning. I called William Hill around 9.30.

Guido : I’d like to put £50 on Blunkett going.
WH : Which race is that?
Guido : Its a political bet not a horse, he’s a government minister.
WH : We don’t do those I’m afraid.
Guido : I have a press release from Graham Sharpe saying you are offering 7/4 on Blunkett going.
WH : I’ll check.
15 minutes pass, Blunkett fails to show up at the select committee.
WH : Hello, sorry for keeping you waiting. We’re not taking any more bets on that.

Guido managed to crank up the Mumble-O-Meter in time for Channel 4 news today, just in time to catch the Davis interview on the terrorism bill. Unfortunately I did not have it plugged in for the whole interview and the results recorded here just cover the last minute or two of it.

Basher managed not to laugh at all (nervously or otherwise) about locking people up without trial for 90 days, but there were a few “ummmm” and “errrr” moments. Good luck to Basher for Question Time. The Mumble-O-Meter will be fully charged.

Was out celebrating in the City. No profits, I was too bloody late – blogging it instead of betting this morning on Blunkett’s demise. Still he’s gone and good riddance. Seems that while I was away today the Tartan Tories have chosen a transexual as leader. Progress!

So after about five seconds of sorrowful reflection his colleagues immediately begin thinking about the greasy pole…

DWP will need a heavy-weight replacement, will it be a Blairite or a Brownie? Bonkers is a loss to the Blairites.

Remember this time Mr Blunkett, you have to wait three months before taking up a directorship.