Santander UK plc

Computation of Ratio of Earnings to Fixed Charges

Calculated in accordance with IFRS

Exhibit 7.1

Excluding
interest on retail deposits



|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|------------------------------------------- |  | ---------------------- | ----- |  | ------ |  | ----- | ------ |  |  | ------ |  |  | ------ | ----- |  |  |  | ----- | 
|                                            |  | Year ended December 31 |      
|                                            |  | 2011£m                 |       |  | 2010£m |  |       | 2009£m |  |  | 2008£m |  |  | 2007£m |      
|Profit before tax                           |  |                        | 1,261 |  |        |  | 2,125 |        |  |  | 1,690  |  |  |        | 1,094 |  |  |  | 864   | 
|Fixed charges: interest expense (B)(1)      |  |                        | 1,077 |  |        |  | 809   |        |  |  | 1,650  |  |  |        | 2,988 |  |  |  | 2,639 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Earnings before taxes and fixed charges (A) |  |                        | 2,338 |  |        |  | 2,934 |        |  |  | 3,340  |  |  |        | 4,082 |  |  |  | 3,503 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Ratio of earnings to fixed charges (A/B)    |  |                        | 217   |  |        |  | 363   |        |  |  | 202    |  |  |        | 137   |  |  |  | 133   | 

Including interest on retail deposits



|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|------------------------------------------- |  | ---------------------- | ----- |  | ------ |  | ----- | ------ |  |  | ------ |  |  | ------ | ----- |  |  |  | ----- | 
|                                            |  | Year ended December 31 |      
|                                            |  | 2011£m                 |       |  | 2010£m |  |       | 2009£m |  |  | 2008£m |  |  | 2007£m |      
|Profit before tax                           |  |                        | 1,261 |  |        |  | 2,125 |        |  |  | 1,690  |  |  |        | 1,094 |  |  |  | 864   | 
|Fixed charges: interest expense (B)(1)      |  |                        | 3,788 |  |        |  | 3,233 |        |  |  | 3,906  |  |  |        | 6,143 |  |  |  | 5,544 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Earnings before taxes and fixed charges (A) |  |                        | 5,049 |  |        |  | 5,358 |        |  |  | 5,596  |  |  |        | 7,237 |  |  |  | 6,408 | 
|                                            |  |                        |       |  |        |  |       |        |  |  |        |  |  |        |       |  |  |  |       | 
|Ratio of earnings to fixed charges (A/B)    |  |                        | 133   |  |        |  | 166   |        |  |  | 143    |  |  |        | 118   |  |  |  | 116   | 

Note:

|(1) | Includes the amortisation of discounts
and premiums on debt securities in issue.
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