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SHARE PREMIUM ACCOUNT (Details) - Schedule of Share Premium Account - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Schedule of Share Premium Account [Abstract]      
At 1 January £ 17,622 £ 17,412 £ 17,281
Issued under employee share schemes 12    
Redemption of preference shares [1] 210 131
At 31 December £ 17,634 £ 17,622 £ 17,412
[1] During the year ended 31 December 2016, the Company redeemed all of its outstanding 6.267% Non-cumulative Fixed to Floating Rate Callable US Dollar Preference Shares at their combined sterling equivalent par value of £210 million. These preference shares had been accounted for as subordinated liabilities. On redemption an amount of £210 million was transferred from the distributable merger reserve to the share premium account (2015: £131 million in respect of the redemption of the outstanding 6.0884% Non-cumulative Fixed to Floating Rate Preference Shares and 5.92% Non-cumulative Fixed to Floating Rate Preference Shares).