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SHARE PREMIUM ACCOUNT (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure For Share Premium Account Explanatory [Abstract]  
Schedule of Share Premium Account
202020192018
£m£m£m
At 1 January17,751 17,719 17,634 
Issued under employee share schemes112 29 85 
Redemption of preference shares1
— 3 — 
At 31 December17,863 17,751 17,719 
1During the year ended 31 December 2019, the Company redeemed all of its outstanding 6.3673% Non-cumulative Fixed to Floating Rate Preference Shares at their combined sterling par value of £3 million. These preference shares had been accounted for as subordinated liabilities. On redemption an amount of £3 million was transferred from the distributable merger reserve to the share premium account.