Nationalisation of Northern Rock that Northern Rock was to be nationalised claiming that the private bids did not offer "sufficient value for money to the taxpayer" and thus the bank was to be brought under a "temporary period of public ownership". The government is the sole shareholder through UK Financial Investments Limited, and the Bank is managed at "arm's length" on a commercial basis by an independent board under Ron Sandler. Customers are not affected by this change. A Government-appointed arbitration panel will decide on a fair price for the compensation to be offered to investors for their shares. Prior to the markets opening
Office of the Northern Ireland Executive in Brussels Office of the Northern Ireland Executive in Brussels The Office of the Northern Ireland Executive in Brussels is part of the Executive Office and is the focus of Northern Ireland's relations with the institutions of the European Union. The Office of the Northern Ireland Executive, operates under the umbrella of the UK Permanent Representation to the European Union, as do the Brussels offices of the Scottish Government and Welsh Government. The Office of the Northern Ireland Executive in Brussels is located in the European Quarter of Brussels. The office provides full facilities for Northern Ireland Ministers and officials visiting the