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FINANCIAL RISK MANAGEMENT - Schedule of Maximum Credit Exposure (Details) - GBP (£)
£ in Millions
Dec. 31, 2022
Dec. 31, 2021
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss £ 180,609 £ 206,771
Derivative financial instruments 24,753 22,051
Loans and advances to banks 10,632 7,001
Loans and advances to customers 454,899 448,567
Reverse repurchase agreements 44,865 54,753
Debt securities 9,926 6,835
Financial assets at amortised cost 520,322 517,156
Reinsurance assets 616 759
Maximum exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 73,887 89,146
Derivative financial instruments 24,753 22,051
Loans and advances to banks 10,632 7,001
Loans and advances to customers 454,899 448,567
Reverse repurchase agreements 44,865 54,753
Debt securities 9,926 6,835
Financial assets at amortised cost 520,322 517,156
Financial assets at fair value through other comprehensive income 22,871 27,902
Reinsurance assets 616 759
Off-balance sheet items:    
Acceptances and endorsements 58 191
Other items serving as direct credit substitutes 781 510
Performance bonds, including letters of credit, and other transaction-related contingencies 2,147 2,043
Irrevocable commitments and guarantees 74,692 71,158
Off-balance sheet items 77,678 73,902
Maximum exposure to credit risk 720,127 730,916
Offset    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 0 0
Derivative financial instruments 12,330 11,600
Loans and advances to banks 0 0
Loans and advances to customers 2,171 1,506
Reverse repurchase agreements 0 0
Debt securities 0 0
Financial assets at amortised cost 2,171 1,506
Financial assets at fair value through other comprehensive income 0 0
Reinsurance assets 0 0
Off-balance sheet items:    
Acceptances and endorsements 0 0
Other items serving as direct credit substitutes 0 0
Performance bonds, including letters of credit, and other transaction-related contingencies 0 0
Irrevocable commitments and guarantees 0 0
Off-balance sheet items 0 0
Maximum exposure to credit risk 14,501 13,106
Net exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 73,887 89,146
Derivative financial instruments 12,423 10,451
Loans and advances to banks 10,632 7,001
Loans and advances to customers 452,728 447,061
Reverse repurchase agreements 44,865 54,753
Debt securities 9,926 6,835
Financial assets at amortised cost 518,151 515,650
Financial assets at fair value through other comprehensive income 22,871 27,902
Reinsurance assets 616 759
Off-balance sheet items:    
Acceptances and endorsements 58 191
Other items serving as direct credit substitutes 781 510
Performance bonds, including letters of credit, and other transaction-related contingencies 2,147 2,043
Irrevocable commitments and guarantees 74,692 71,158
Off-balance sheet items 77,678 73,902
Maximum exposure to credit risk 705,626 717,810
Loans and advances | Maximum exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 24,872 29,538
Loans and advances | Offset    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 0 0
Loans and advances | Net exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 24,872 29,538
Debt securities, treasury and other bills | Maximum exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 38,109 47,237
Debt securities, treasury and other bills | Offset    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 0 0
Debt securities, treasury and other bills | Net exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 38,109 47,237
Contracts held with reinsurers | Maximum exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 10,906 12,371
Contracts held with reinsurers | Offset    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss 0 0
Contracts held with reinsurers | Net exposure £m    
Financial assets at fair value through profit or loss:    
Financial assets at fair value through profit or loss £ 10,906 £ 12,371