Tony Abbot quits, Malcolm Turnbull doomed.

UPDATE: 9:45pm - Judith Adams and David Bushby have resigned as whips.

Breaking News: 5:30pm - Tony Abbot has quit the shadow treasury in response to Malcom Turnbull's deal with the Government on the ETS. Mr Abbot has quit so he can cross the floor and vote against the legislation. He is expected to put himself up for leader in a vote with Tony Smith as his deputy. Fellow shadmow minister Sophie Mirabella has also resigned while the Liberal Ledaer in the senate Eric Abetz is also expected to resign.

This is the end of Turnbull's reign as Liberal Party leader. He won't be able to recover from this. As mentioned earlier Abbot is expected to put his hand up but I don't know why anyone would to lead the Libs to the next election, they will lose in a landslide.

Turnbull claws back a little bit of ground.

Malcolm Turnbull has clawed back a little bit of public support in the past 2 weeks according to the latest Newspoll conducted for The Australian. The bad news for Mr Turnbull is he trails both Peter Costello and Joe Hockey as preferred Liberal leader. Costello got 36% of the vote with Abbot on 20%, Turnbull on 16% and Tony Abbot on 10%.

The Coalition has jumped 2% on primary votes to trail Labour 43%(steady)-39%. The 2PP has stayed at 55%-45%, a swing of 2.3% to Labor on the 2007 election. If this result was repeated on election day Labor would pick up around 14 extra seats (assuming a universal swing)