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) abolished completely the following year by the Government of the United Kingdom under the Northern Ireland Constitution Act 1973. The Executive Committee was based in the Stormont Parliament Buildings and the nearby Stormont Castle, whilst the Governor resided at Hillsborough Castle. Original plans to build a separate executive building were abandoned in the 1920s as a result of the economic difficulties that resulted from the Wall Street Crash. 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