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
Vice-President of the Executive Council first to appoint a Vice-President of the Executive Council (New South Wales), on 3 October 1856, in the Parker ministry of the first elected colonial government. The New South Wales government currently retains the title for a senior government minister, who since 30 January 2017 has been Don Harwin. The Executive Council of Victoria is made up of the Premier and his or her Ministers who have been sworn into that office by the Governor, usually immediately after they have been sworn in as Ministers. The Governor usually attends and presides at meetings of the Executive Council, though he or