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Analysis of changes in financing during the year - Subordinated liabilities and MRELs (Details) - GBP (£) £ in Millions | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Subordinated Liabilities |  |  |
Analysis of changes in financing during the year |  |  |
At 1 January | £ 6,260 | £ 8,429 | £ 9,962
Issue of subordinated liabilities | 611 | 648 | 1,634
Redemption of subordinated liabilities | (1,250) | (3,693) | (4,765)
Interest paid on subordinated liabilities | (439) | (374) | (321)
Net cash flows from financing activities | (1,078) | (3,419) | (3,452)
Effects of foreign exchange | (166) | 597 | (18)
Changes in fair value of subordinated liabilities and MRELs | 230 | (594) | (434)
Preference shares reclassified to subordinated liabilities |  | 750 |
Paid in equity reclassified to subordinated liabilities |  |  | 1,915
(Gain)/loss on redemption of own debt | (3) | 161 | 145
Interest payable on subordinated liabilities and MRELs | 464 | 370 | 311
Other | 7 | (34) |
At 31 December | 5,714 | 6,260 | 8,429
MRELs |  |  |
Analysis of changes in financing during the year |  |  |
At 1 January | 22,265 | 23,423 | 20,873
Issue of MRELs | 3,973 | 3,721 | 3,383
Maturity and redemption of MRELs | (4,236) | (4,992) |
Interest paid on MRELs | (844) | (703) | (647)
Net cash flows from financing activities | (1,107) | (1,974) | 2,736
Effects of foreign exchange | (987) | 1,889 | (190)
Changes in fair value of subordinated liabilities and MRELs | 601 | (1,806) | (649)
Interest payable on subordinated liabilities and MRELs | 888 | 733 | 653
At 31 December | £ 21,660 | £ 22,265 | 23,423
Share capital, share premium and paid-in equity |  |  |
Analysis of changes in financing during the year |  |  |
Increase through issue of paid in equity |  |  | 937
Net cash flows from financing activities |  |  | 937
Paid in equity reclassified to subordinated liabilities |  |  | £ (2,046)

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