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RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets - Retirement Scheme Assets [Member] - GBP (£)
£ in Millions
Dec. 31, 2019
Dec. 31, 2018
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments £ 594 £ 859
Fixed interest government bonds [1] 8,893 7,449
Index-linked government bonds [1] 18,207 16,477
Corporate and other debt securities [1] 10,588 8,813
Asset-backed securities [1] 138
Debt instruments [1] 37,688 32,877
Property 158 556
Pooled investment vehicles 15,358 15,072
Money market instruments, cash, derivatives and other assets and liabilities (8,007) (7,126)
At 31 December 45,791 42,238
Quoted [Member]    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 555 637
Fixed interest government bonds [1] 8,893 7,449
Index-linked government bonds [1] 18,207 16,477
Corporate and other debt securities [1] 10,588 8,813
Asset-backed securities [1] 138
Debt instruments [1] 37,688 32,877
Pooled investment vehicles 4,773 4,578
Money market instruments, cash, derivatives and other assets and liabilities 204 (283)
At 31 December 43,220 37,809
Unquoted [Member]    
RETIREMENT BENEFIT OBLIGATIONS (Details) - Schedule of Composition of Scheme Assets [Line Items]    
Equity instruments 39 222
Fixed interest government bonds [1]
Index-linked government bonds [1]
Corporate and other debt securities [1]
Asset-backed securities [1]
Debt instruments [1]
Property 158 556
Pooled investment vehicles 10,585 10,494
Money market instruments, cash, derivatives and other assets and liabilities (8,211) (6,843)
At 31 December £ 2,571 £ 4,429
[1] Of the total debt instruments, 33,134 million (31 December 2018: 29,033 million) were investment grade (credit ratings equal to or better than 'BBB').