Nationalisation of Northern Rock in the event that the takeover bids fail. On 12 January 2008, the Treasury recruited Ron Sandler, the former Lloyd's of London Chief Executive, to lead Northern Rock, in the event that the bank was nationalised. If the Bank was to be temporarily nationalised, the government would manage the Bank at "arm's length" on a commercial basis, where services for savers and borrowers would not be affected and the company would continue to operate as normal. However nationalisation would also address the future of the Northern Rock Foundation. Alistair Darling rejected the possibility of the Bank being put into administration.
Government of Northern Ireland at least in the north east region, supported its creation while nationalists were opposed. Subsequently, on 6 December 1922, the island of Ireland became an independent dominion known as the Irish Free State but Northern Ireland immediately exercised its right to "opt out" of the new Dominion. The first government of Northern Ireland was the Executive Committee of the Privy Council of Northern Ireland, which exercised such authority from 1922 to 1972. A Northern Ireland Executive was created following the signing of the Sunningdale Agreement in 1974, while the current Northern Ireland Executive under the First Minister and Deputy First