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
Government of Northern Ireland (1921–1972) the Parliament of Northern Ireland but were required to become members within six months. The "Irish Free State (Consequential Provisions) Act", which came into force at the end of 1922, replaced the Lord Lieutenant with a new Crown representative, the Governor of Northern Ireland. As in many Westminster-style systems, the "Government of Ireland Act 1920" did not explicitly provide for such an office, but in practice the Executive Committee was headed by a Prime Minister of Northern Ireland. In theory the Executive Committee was not answerable to the House of Commons but held their positions "during the pleasure of the