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
Nationalisation in Pakistan 1998, Prime minister Nawaz Sharif imposed economic emergency after performing nuclear deterrence in a direct response to India. All state-owned corporations and private sector industries' assets were frozen by Nawaz Sharif after ordering to freeze the private assets under government control to prevent the financial collapse. From 1999 to 2010, the nationalisation programme was swiftly ended and effectively came to its end until 2011. The nationalisation programme was again promulgated by Prime Minister Yousaf Raza Gillani on 15 December 2011, in order secure and rescue the former state-owned enterprises. The nationalisation programme was put forward to enhance the government ownership