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 of the 5th Northern Ireland Assembly Executive of the 5th Northern Ireland Assembly The Fourth Executive was, under the terms of the Northern Ireland Act 1998, a power-sharing coalition. Following the 6 May 2016 elections to the fifth Northern Ireland Assembly, the Democratic Unionist Party and Sinn Féin remained the two largest parties in the Assembly. Notably for the first time in the assembly's history, parties entitled to seats on the executive could instead opt to go into formal opposition. The UUP, SDLP and Alliance all took up this option, leaving the DUP and Sinn Féin to form a government. The 4th Northern Ireland Executive was