v3.26.1
PROPERTY, PLANT AND EQUIPMENT
 6 Months Ended
Jun. 30, 2026
Disclosure of reconciliation of changes in property, plant and equipment, including right-of-use assets [abstract]  
PROPERTY, PLANT AND EQUIPMENT 15. PROPERTY, PLANT AND EQUIPMENT
Property
Office fixtures
and equipment
Computer
software
Operating
lease assets
Right-of-use
assets
Total1
£m
£m
£m
£m
£m
£m
Cost:
At 1 January 2026
908
919
6
704
277
2,814
Acquisition of business
67
17
–
–
61
145
Additions
3
30
–
140
11
184
Disposals
(24)
(27)
–
(123)
(12)
(186)
At 30 June 2026
954
939
6
721
337
2,957
Accumulated depreciation and impairment:
At 1 January 2026
251
707
6
131
208
1,303
Charge for the period
14
28
–
33
8
83
Impairment during the period
8
2
–
4
–
14
Disposals
(20)
(27)
–
(43)
(1)
(91)
At 30 June 2026
253
710
6
125
215
1,309
Carrying amount
701
229
–
596
122
1,648
1 Property, plant and equipment includes investment properties of £16m (2025: £16m).
See Note 21 for further details on the property provision made as part of transforming our branch network.
Property, plant and equipment increased mainly due to the acquisition of TSB, as set out in Note 29.