The main tournament is the final (and third) leg of the Chess Grand Tour. Nine players are competing in this nine-round event (Magnus Carlsen, Fabiano Caruana, Hikaru Nakamura, Veselin Topalov, Alexander Grischuk, Vishy Anand, Anish Giri, Maxime Vachier-Lagrave and Levon Aronian), to which Michael Adams has been invited as England's No.1. Topalov is the current leader. There is a total prize fund of over a million dollars!
The Final of the British Knockout Championship will take place between 4 - 9 December. Seven of England's top players, as well as Scotland's Jonathan Rowson, will be competing for a first prize of £20,000. The quarter-finals and semi-finals will be held on 1 and 2 December at the nearby Hilton Hotel, with the two finalists battling it out over six games at the Classic.
Also taking place between 4 and 11 December is the FIDE Open, which has a guaranteed prize fund of £15,500. To date 26 GMs have entered, as well as a host of IMs and FMs. Amongst the 205 entrants is Bury's Ed Player, who is also playing in the Super Rapidplay (see below).
Manningtree's Adam Taylor is playing in the 5-round Weekend Open (4 - 6 December), as well as the 10-round Super Rapidplay (12 - 13 December), which has a massive entry of 238 players.
You can watch some of the world's best players for just £20; that's the cost of a daily ticket, which can be purchased online. Women and anyone aged under 25 can watch for free - all you need to do is register online. Tickets include access to the Auditorium, where the games will be played, as well as to the live Grandmaster commentary room and all other festival events areas.