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 (1921–1972) Government of Northern Ireland (1921–1972) The Executive Committee or the Executive Committee of the Privy Council of Northern Ireland was the government of Northern Ireland created under the "Government of Ireland Act 1920". Generally known as either the "Cabinet" or the "Government", the Executive Committee existed from 1922 to 1972. It exercised executive authority formally vested in the British monarch in relation to devolved matters. Under the Act as originally enacted, the Executive Committee consisted of the ministers appointed by the Lord Lieutenant of Ireland to head departments of state. Ministers so chosen did not have to be members of