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Fair values of financial assets and liabilities - Schedule of Valuation Hierarchy for Financial Assets (Details) - GBP (£)
£ in Millions
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
[1]
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks £ 10,764 £ 10,632 [1] £ 7,001
Loans and advances to customers 449,745 454,899 [1] 448,567
Reverse repurchase agreements 38,771 44,865 [1] 54,753
Debt securities 15,355 9,926 [1] 6,835
Financial assets at amortised cost 514,635 520,322 [1] £ 517,156
Level 1 £m      
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks 0 0  
Loans and advances to customers 0 0  
Reverse repurchase agreements 0 0  
Debt securities 0 167  
Financial assets at amortised cost 0 167  
Level 2 £m      
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks 0 0  
Loans and advances to customers 0 0  
Reverse repurchase agreements 38,771 44,865  
Debt securities 10,939 9,647  
Financial assets at amortised cost 49,710 54,512  
Level 3 £m      
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks 10,764 10,632  
Loans and advances to customers 439,449 450,071  
Reverse repurchase agreements 0 0  
Debt securities 4,200 116  
Financial assets at amortised cost 454,413 460,819  
Carrying value £m      
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks 10,764 10,632  
Loans and advances to customers 449,745 454,899  
Reverse repurchase agreements 38,771 44,865  
Debt securities 15,355 9,926  
Financial assets at amortised cost 514,635 520,322  
Fair value £m      
FINANCIAL INSTRUMENTS (Details) - Schedule of Valuation Hierarchy for Financial Assets [Line Items]      
Loans and advances to banks 10,764 10,632  
Loans and advances to customers 439,449 450,071  
Reverse repurchase agreements 38,771 44,865  
Debt securities 15,139 9,930  
Financial assets at amortised cost £ 504,123 £ 515,498  
[1]
1    Restated for presentational changes and for the adoption of IFRS 17; see notes 1 and 54.