v3.26.1
TAXATION - Schedule of Tax on Profit Before Tax Differs from Theoretical Amount that Arise Using Basic Corporation Tax Rate (Details) - GBP (£)
£ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Major components of tax expense (income) [abstract]    
Applicable tax rate (percentage) 25.00% 25.00%
Profit before tax £ 517 £ 746
Tax calculated at the statutory rate of 25% (H1-25: 25%) 129 187
Bank surcharge on profits 17 23
Non-deductible preference dividends paid 3 4
Non-deductible UK Bank Levy 5 6
Other non-deductible costs and non-taxable income 2 5
Tax relief on dividends in respect of other equity instruments (13) (20)
Adjustment to prior year provisions 0 (10)
Tax on profit £ 143 £ 195