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3.45pm WATCH: Lord James describes his dealings with a secret organisation called "Foundation X" to Sky News.  He claims that it "wants to help save the world", and wishes to lend billions to Britain, interest free – in order to support a "massive improvement" in the jobs market, fund renewable energy, build schools and hospitals, and help the construction of Crossrail – which it will begin to provide the necessary funds for, if it receives a positive answer from the Government within the next week, by Christmas Day.

3.30pm Robert Halfon MP on CentreRight: The implications of the Phil Woolas case

Picture 32.30pm LeftWatch: What's Ed Balls doing "leading a round of applause" for Phil Woolas today?

1.15pm LISTEN: Labour MP Paul Farrelly says he was acting in self defence when involved in a brawl on Thursday night, comparing himself to John Prescott when faced with the egg-wielding protester

12.45pm ToryDiary: Where are the Right-of-Centre female bloggers?

11am Parliament: Mark Field staunchly defends the City and makes the case for a strong financial services sector

DAVIS FORMALToryDiary: The future of David Davis

John Stevenson MP on Platform: Lessons for the 2015 election six months on from the 2010 contest

Local Government:

LeftWatch: Labour's policy on reforming housing benefit is in disarray

Alex Deane on CentreRight: BBC presenters go on strike – don't waste the opportunity!

WATCH:

Ken Clarke to close six prisons and send fewer to jail

Ken Clarke "Six prisons are facing closure under government plans to send thousands fewer criminals to jail, The Times has learnt. About 5,000 cells and 10,000 jobs will be lost in England and Wales as Kenneth Clarke prepares to enact a huge budget reduction at the Ministry of Justice. Officials are drawing up a Green Paper to overhaul sentencing, aimed at reducing the number of offenders behind bars. The move, a reversal of the previous Government’s plans to increase spaces from the current 88,000 to 96,000, will fuel unease among Conservatives that Mr Clarke, the Justice Secretary, is leaving the party vulnerable to attack over law and order." – The Times (£)

Iain Duncan Smith: 2.5 million will be better off under our welfare reforms

"Millions of people will be better off under radical changes to the benefits system, ministers will announce next week. The reforms are described as the most far-reaching since the welfare state was established more than 60 years ago. A "universal credit" is planned to reverse years of welfare dependency and return the work ethic to homes where it has been lost for generations. Iain Duncan Smith, the Work and Pensions Secretary, will detail a much simplified system for offering, claiming and paying out benefits. The Coalition expects no one to lose out and more than 2.5 million ultimately to be better off." – Daily Telegraph

Iain Duncan Smith is the true heir of BeveridgeTelegraph editorial

Electoral slurs declared foul play as Phil Woolas loses Commons seat

Picture 5 "Politicians running for election will have to tone down personal attacks on their opponents after a former Labour minister was barred from the Commons for three years for making false claims about his electoral rival. In a landmark ruling, two High Court judges said that Phil Woolas, a former immigration minister, broke election law with statements he made in a pamphlet and two newspapers distributed in the final stages of May's election. They found that he had attacked his LibDem opponent's conduct and character with statements that he courted Muslim extremists who had advocated violence against the Labour MP." – The Independent

"Defeated candidates who persuade courts to order fresh elections have to be careful what they wish for. The last time it happened, in Winchester in 1997, the successful petitioner was swept away by a majority of more than 20,000 in the rerun. With the Lib Dems languishing in the polls, Mr Watkins may find he has won a similarly pyrrhic victory when the byelection comes, unless the coalition parties agree a precedent-making pact. It is very important to crack down on old and dirty politics, but fortunately it is the voters who have the last word." – Guardian editorial

WARSI-BARONESS "Last night Conservative Party chairman Sayeeda Warsi said Labour leader Ed Miliband “was fully aware of Phil Woolas’s despicable and inflammatory campaign but still appointed him to a highly sensitive role” as shadow immigration minister." – Daily Express

"We are hardly gripped by by-election fever, and we won't know until we hear from the House of Commons Speaker John Bercow on Monday whether or not there's to be a by-election, but Conservative Chair Baroness Warsi has already fired the starting gun by telling Sky News that the Conservatives WILL field a canddiate and will not step aside for their Lib Dem coalition partners." – Sky News

> Yesterday's coverage on ConHome:

May: Thousands of non-EU workers and students set to lose right to stay in UK

Theresa May Home Secretary "Thousands of non-EU skilled workers and students will lose the right to settle permanently in the UK under government plans to curb immigration, the Home Secretary signalled yesterday. Theresa May is also to reduce drastically the number of students allowed to come to Britain to study on below-degree courses at public and private education establishments." – The Times (£)

> Yesterday's ToryDiary: Theresa May explains why she wants to reduce net migration and how she will go about doing it

Free Schools tally reaches 25

"Education secretary Michael Gove today backed nine applications to open "free schools", bringing the total to 25. Free schools, founded by parents and teachers, are one of the government's flagship ideas for reforming education in England. The schools will be run by private firms or charities when they start to open next year. As academies, they are state schools, but operate outside the local authority. They will be able to set their own curriculum and control their own admissions." – The Guardian

Gove orders review of primary school examsDaily Telegraph

Hague offers Israel hand of friendship

"William Hague's first visit to Israel as Foreign Secretary was hailed this week by both Israeli and British officials as a resounding success. In the run-up to the visit there had been trepidation on both sides that it would set back relations. But both Israeli and British officials said that they had worked hard over the past two months to make Mr Hague's visit warm and positive, an ambition mirrored in the full turnout of Israel's political elite to welcome him." – Jewish Chronicle

"More incentives needed for nuclear", says Energy Minister Charles HendryDaily Telegraph

David Laws set for Government return "by Christmas"

LAWS DAVID "David Cameron has revealed he is planning a quick return to the Government for David Laws, the former Treasury chief secretary who resigned in the wake of an expenses scandal. As long as the Liberal Democrat MP is not criticised too harshly in a report by Parliament’s standards commissioner, he is expected to be back in a frontline post by Christmas. Asked if Mr Laws would return to the Cabinet, the Prime Minister told the Daily Mail: ‘I would like him to. I think he’s a very effective politician. He has got a lot to offer and in time I’m sure that’s possible’." – Daily Mail

Clegg sparks row with Tory backbenchers by ruling out EU treaty referendumDaily Mail

Labour will not campaign for alternative vote, says Andy Burnham

"The Labour party machine will not campaign in favour of the alternative vote in next May's referendum but will instead concentrate on the Scottish, Welsh and local elections on the same day, Andy Burnham, the party's election campaign co-ordinator, said yesterday." – The Guardian

Nigel Farage returns as UKIP leader

Nigel Farage 2010 horizon "Nigel Farage yesterday became leader of the UK Independence party for the second time after decisively winning a ballot of party members. The MEP took just over 60% in the battle to succeed Lord Pearson of Rannoch. It comes about a year after he stood down from the top job to fight – unsuccessfully – for a Commons seat." – The Guardian

> Yesterday's ToryDiary: Nigel Farage is back as UKIP leader

Charles Moore: We didn’t win liberties in order to bestow them on our enemies

"Liberty is indeed a key concept in our society. But it will be discredited if the public see it as a means of protecting those who hate that society the most, while exposing the rest of us to unnecessary danger. The Coalition has done extremely well so far in getting across its message that the fight against the deficit is unpleasant but necessary. It needs to convey the same thought about the fight against terrorism." – Charles Moore in the Daily Telegraph

Labour MP accused of assault at Commons karaoke

Picture 6 "A Labour MP was last night facing a police investigation into claims that he assaulted a man in the Houses of Parliament after a drunken karaoke party. Paul Farrelly, 48, an outspoken critic of anti-social behaviour, is alleged to have left the victim ‘bloodied and bruised’ after punching him above his left eye. A number of witnesses saw the incident in a corridor near Parliament’s Sports and Social Club, the venue of a raucous sing-song on Thursday night." – Daily Mail

"A Labour MP said he had a “John Prescott moment” when he punched a newspaper vendor who allegedly attacked him in a House of Commons pub." – Daily Telegraph

Lords stunned by Tory peer's IRA funding claim

"A conservative "working" peer has made an astonishing claim that he handled billions of pounds of terrorist funds at the behest of the Bank of England during his business career, with the IRA as his "biggest client". – The Independent

Andy Coulson speaks to police about hacking at the News of the WorldThe Guardian

A preview of David Cameron's forthcoming trade mission to ChinaDaily Telegraph

Camerons' stylists added to public payrollThe Guardian

Duke of York attacks ‘hopeless’ MoD for not ordering Ranger vehicles The Times (£)

The awesome and inspiring stories behind the VC and George Cross

"Next week, the most exclusive club in the world gathers, as it does every two years. Nearly all 32 members of the ­Victoria Cross and George Cross ­Association (aged from 24 to 96) will arrive in London from as far as Nepal and New Zealand. Keep an eye out for this awesome little gang if you are in the capital next week. On Tuesday, they will have their traditional thanksgiving service and tea with the Prince of Wales. On Wednesday, the Queen is having a party for them at the Palace. And on Thursday, at Armistice Day’s sacred eleventh hour, they will be at the Cenotaph to lay a wreath. Then, to round it all off, they will head for the Imperial War Museum to see the ­Princess Royal open Ashcroft’s gallery." – Daily Mail

> WATCH: Lord Ashcroft introduces his collection of Victoria Crosses which is about to go on permanent display at the Imperial War Museum

And finally… Tony Blair to speak at cleaning show

Tony Blair pensive mid-interview "The former prime minister Tony Blair will be the keynote speaker at an event organised by the ISSA, The Worldwide Cleaning Industry Association. The announcement was made on the Association's website, which described Mr Blair as having "always been a strong advocate of a values-based, activist, and multilateralist foreign policy." He will make the address at the organisation's trade show on 8 November in Florida. Attendees are invited to submit questions to help "shape Mr Blair's address"." – The Independent

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