v3.25.2
Report of the directors financial review risk report - The consensus Central scenario (Details) - Central scenario
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Disclosure of financial assets [line items]    
GDP growth rate, 5 year average 2.50%  
Forecast period 5 years 5 years
– United Kingdom    
Disclosure of financial assets [line items]    
GDP growth rate, 5 year average 1.40% 1.50%
Unemployment rate, 5 year average 4.40% 4.50%
House price growth, 5 year average 2.40% 3.20%
Inflation rate, 5 year average 2.20% 2.10%
Central bank policy rate, 5 year average 3.80% 3.90%
– France    
Disclosure of financial assets [line items]    
GDP growth rate, 5 year average 1.10% 1.20%
Unemployment rate, 5 year average 7.50% 7.20%
House price growth, 5 year average 3.90% 3.60%
Inflation rate, 5 year average 1.90% 1.90%
Central bank policy rate, 5 year average 2.10% 2.00%
2025    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 2.30%  
2025 | – United Kingdom    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 0.90% 1.20%
Unemployment rate (%) 4.60% 4.90%
House prices (annual average growth rate, %) 3.50% 1.40%
Inflation (annual average growth rate, %) 3.00% 2.40%
Central bank policy rate (annual average, %) 4.20% 4.20%
2025 | – France    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 0.50% 0.90%
Unemployment rate (%) 7.60% 7.50%
House prices (annual average growth rate, %) 2.10% 2.10%
Inflation (annual average growth rate, %) 1.30% 1.20%
Central bank policy rate (annual average, %) 2.10% 2.10%
2026 | – United Kingdom    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.20% 1.30%
Unemployment rate (%) 4.70% 4.70%
House prices (annual average growth rate, %) 1.20% 3.80%
Inflation (annual average growth rate, %) 2.30% 2.10%
Central bank policy rate (annual average, %) 3.70% 3.90%
2026 | – France    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.00% 0.90%
Unemployment rate (%) 7.70% 7.30%
House prices (annual average growth rate, %) 4.30% 4.40%
Inflation (annual average growth rate, %) 1.60% 1.60%
Central bank policy rate (annual average, %) 1.60% 1.80%
2027 | – United Kingdom    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.50% 1.80%
Unemployment rate (%) 4.50% 4.50%
House prices (annual average growth rate, %) 2.40% 4.60%
Inflation (annual average growth rate, %) 2.00% 2.10%
Central bank policy rate (annual average, %) 3.70% 3.80%
2027 | – France    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.30% 1.40%
Unemployment rate (%) 7.50% 7.20%
House prices (annual average growth rate, %) 4.90% 4.40%
Inflation (annual average growth rate, %) 1.90% 2.00%
Central bank policy rate (annual average, %) 1.90% 2.00%
2028 | – United Kingdom    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.50% 1.60%
Unemployment rate (%) 4.30% 4.30%
House prices (annual average growth rate, %) 3.30% 3.50%
Inflation (annual average growth rate, %) 2.10% 2.00%
Central bank policy rate (annual average, %) 3.80% 3.70%
2028 | – France    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.30% 1.50%
Unemployment rate (%) 7.40% 7.00%
House prices (annual average growth rate, %) 4.10% 3.80%
Inflation (annual average growth rate, %) 2.30% 2.30%
Central bank policy rate (annual average, %) 2.20% 2.00%
2029 | – United Kingdom    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.50% 1.60%
Unemployment rate (%) 4.10% 4.30%
House prices (annual average growth rate, %) 2.70% 2.70%
Inflation (annual average growth rate, %) 2.00% 2.00%
Central bank policy rate (annual average, %) 3.90% 3.70%
2029 | – France    
Disclosure of financial assets [line items]    
GDP (annual average growth rate, %) 1.20% 1.40%
Unemployment rate (%) 7.20% 7.00%
House prices (annual average growth rate, %) 3.30% 3.10%
Inflation (annual average growth rate, %) 2.20% 2.20%
Central bank policy rate (annual average, %) 2.40% 2.10%