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OTHER RESERVES (Details) - Schedule of Merger Reserve - GBP (£)
£ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Merger reserve      
At 1 January £ 7,766 £ 7,976  
Redemption of preference shares (note 40) [1] 210 £ 131
At 31 December 7,766 7,766 7,976
Hedges of net investment in foreign operations [member]      
Merger reserve      
At 1 January 7,766 7,976 8,107
Redemption of preference shares (note 40)   (210) (131)
At 31 December £ 7,766 £ 7,766 £ 7,976
[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).