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.
Executive of the 1974 Northern Ireland Assembly his own political party known as the Unionist Party of Northern Ireland. They contested the 1975 Constitutional Convention Elections in which they got only 5 seats and no new Chief Executive was elected to replace Brian Faulkner. Executive of the 1974 Northern Ireland Assembly A power-sharing Northern Ireland Executive was formed following the Northern Ireland Assembly elections of 1973. The executive served as the devolved government of Northern Ireland from 1 January 1974 until its collapse on 28 May 1974. Elections to a Northern Ireland Assembly were held on 28 June 1973. On 21 November, the Sunningdale Agreement was reached