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.
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The former BBC journalist will also present a new political programme 'Peston on Sunday'.
Patients needing orthopaedic surgery in Wales will be asked to lose weight and give up smoking as NHS struggles to cope with waiting lists.
Heavy showery rain will continue to push northeastwards across the north of Britain during the rest of today.