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
Northern Ireland Executive serving as Minister of Justice. The government collapsed on 16 January 2017, after Martin McGuinness resigned in protest over the Renewable Heat Incentive scandal. His resignation sparked a snap election as Sinn Féin refused to re-nominate a deputy First Minister. Since 2 March 2017, the Northern Ireland Executive cannot be formed due to the aftermath of the 2017 election. Ministers are assisted by backbench "Assembly private secretaries" (equivalent to parliamentary private secretaries). The non-political Attorney General for Northern Ireland is the chief legal advisor to the Executive, appointed by the First Minister and deputy First Minister, and may also attend