BP is working to bring more lower carbon energy to the UK, like designing two hydrogen plants,

and we're keeping oil and gas flowing from the North Sea. It's and not all. That's how BP is backing Britain.

While today we're mostly in oil and gas we increased the proportion of our

global annual investment that went into our lower carbon and other transition businesses

from around 3% in 2019 to around 23% in 2023.

VP.com slash and not all.

Welcome to political fix your essential insider guide to Westminster from the Financial Times with me Lucy Fisher.

Coming up, the Prime Minister and the Chancellor are on their travels in a big week pre-budget.

Starmor is in Samoa, fending off allegations of election meddling in the US and trying to stop

calls for reparations from overshadowing the Commonwealth Summit.

Meanwhile Reeves is at the IMF in Washington

and has unveiled changes to the UK's fiscal rules.

With me here in the FT studio to discuss all this and more

are my FT colleagues, Stephen Bush, hi Stephen Stephen, Hi Lucy, and Anna Gross, Hi Anna.

Hi Lisa.

So as I said, Stephen, it's a big week. We know that the Chancellor will be crossing the

tease and dotting the eyes of her budget. She's made this slightly unusual move to

confirm publicly what frankly we've all thought has been coming for some weeks now

rolling the pitch which is changes to have fiscal rules explain the changes she's

going to make so essentially she's going to redefine the measure of government debt in a way that will increase the amount that she can borrow for infrastructure spending.

And Anna, how are markets going to react to this do you think?

Well, I think this is part of the reason that she's taken, as you say, the unusual step of coming

...