BUSINESS guru Sir Alan Sugar will receive a peerage as part of a new enterprise role in the Government, it emerged today.

The businessman famous for his catchphrase ''you're fired'' on television show The Apprentice, is expected to be given a seat in the House of Lords as part of Gordon Brown's reshuffle.

A spokesman for the multi-millionaire would not comment on the move but details of the appointment were believed to have been ironed out yesterday in Downing Street.

Sir Alan, was seen slipping into Number 10 yesterday morning.

A long-standing friend and supporter of Mr Brown, he is also a member of the Premier's Business Council for Britain, which advises him on issues affecting enterprise and the economy.

Sir Alan gave no hint of his pending appointment during TV interviews today but offered his full support for the Prime Minister.

He insisted the Premier would not stand down: "He is not going to step down and the reason for that is that he must have the support of the good people and of the right people."