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Other liabilities

12 Months Ended

Dec. 31, 2024

20 Other liabilities

Other liabilities are amounts due to third parties that are not financial liabilities but including lease liabilities held at amortised cost. Other liabilities represent, for example, amounts due for goods and services that have been received but not invoiced, tax due to HMRC, and retirement benefit liabilities. Liabilities which have a level of uncertainty regarding their timing or the future cost to settle them are included in other liabilities as provisions for liabilities and charges.


	2024	2023
Other liabilities	£m	£m
Lease liabilities	630	670
Provisions for liabilities and charges	864	990
Retirement benefit liabilities (Note 5)	80	99
Accruals	1,353	1,411
Deferred income	394	402
Current tax	263	332
Deferred tax (Note 7)	99	141
Other liabilities (1)	918	1,157
Total	4,601	5,202

(1)	Other liabilities include liabilities of disposal groups of nil (2023 - £3 million).

Litigation

Customer

and other

Commitments

redress

regulatory

Property

and guarantees

Other (1)

Total

Provisions for liabilities and charges

£m

At 1 January 2024

486

156

171

990

Expected credit loss impairment release

—

(23)

—

(23)

Currency translation and other movements

(1)

—

(1)

—

(3)

(5)

Charge to income statement

194

—

301

572

Release to income statement

(137)

(23)

(36)

—

(46)

(242)

Provisions utilised

(122)

(35)

(19)

—

(252)

(428)

At 31 December 2024

420

128

171

864

(1)	Other materially comprises provisions for restructuring costs and provision for Bank of England Levy.

Provisions are liabilities of uncertain timing or amount and are recognised when there is a present obligation as a result of a past event, the outflow of economic benefit is probable and the outflow can be estimated reliably. Any difference between the final outcome and the amounts provided will affect the reported results in the period when the matter is resolved.

For accounting policy information refer to Accounting policy 3.12.

Background information on all material provisions is given in Note 25.