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  1. Chris Ship

Govt to announce sell-off of Search and Rescue service

The government is set to announce that Britain's Search and Rescue service is to be sold off to an American firm.

Up until now, the operation has been run by the RAF, Navy and Coastguard Agency.

The firm will actually be awarded two contracts, because the service has been separated into two parts operating different types of helicopter.

An announcement is expected just before the stock market opens in the morning.