Does he take Sugar?

Possibly not, it seems:

It sounds like his peerage is not in the bag yet. Asked why he was getting a peerage if he was not joining the government, the spokesman said "it is our intention to nominate him for a peerage". It will have to be approved by the House of Lords Appointments Commission. The spokesman did not have a particularly good explanation as to why he need to be in the Lords to advise the government. The spokesman said it was in recognition of his experience. Peter Riddell suggested at the end of last week that his nomination could get refused. The spokesman also said Sugar would be putting his businesses at "arm's length" to prevent any conflict of interest.

Guardian, Andrew Sparrow.

One of them will go down in the public's estimation. I wonder which?