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) 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