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
Executive Office (Northern Ireland) currently vacant. The Executive Office's overall aim is to “deliver a peaceful, fair, equal and prosperous society". Its key stated objectives include: "driving investment and sustainable development"; "Tackling disadvantage and promoting equality of opportunity"; and the "effective operation of the institutions of government". The office has the following main responsibilities: The Executive Office's main counterparts in the United Kingdom Government are: A Prime Minister of Northern Ireland was appointed on its formation in June 1921, supported by the Department of the Prime Minister, but the office was abolished in March 1972, on suspension of the Parliament of Northern Ireland and