Private equity v MPs: Round Two

Welcome to Guardian Unlimited's second live blogging session from the Treasury select committee as it investigates the private equity industry.

At 10.45am we'll be hearing from four senior bosses: David Blitzer of Blackstone, Peter Taylor of Duke Street Capital, Alchemy's Jon Moulton and CVC's Donald Mackenzie.

The committee didn't cover themselves in glory a fortnight ago, when they quizzed their first quartet of private equity players on tax, job cuts and pensions. As Nils Pratley put it, the MPs "asked a handful of good questions but simply didn't understand the answers to ask decent supplementaries".

Will they be better briefed today, and will these four be as slick and well prepared as Damon Buffini and Co were last time?

Click refresh for live updates throughout the morning

Update: it's all over, so scroll down for our comprehensive coverage of today's session.