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
Irish heads of government since 1919 Free State, an interim office of Chairman of the Provisional Government. For a brief period in 1921 the offices of President of the Republic and Chairman of the Provisional Government existed simultaneously. The most recent devolved cabinet in Northern Ireland is the Northern Ireland Executive, established under the Good Friday Agreement. The Executive has been in operation, intermittently, since 1999; but had existed continuously since 2007, but after elections following a government collapsed on 16 January 2017, no Executive has been formed. Since 1921, there have been three different prime ministerial offices in Northern Ireland. The most recent structure, the