What is the significance of the £270 million mentioned in the text?
Look-ahead to the Budget on Wednesday
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Philip Hammond's budget delivery comes amid economic challenges and Brexit uncertainties. Despite previous predictions of a surplus, the UK faces a deficit until 2022. The budget focuses on cautious spending, with potential allocations for social care and health. Investments in R&D, AI, and 5G aim to boost productivity. Hammond must balance deficit reduction with economic protection during Brexit, a task that has eluded past chancellors.
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What challenges does Philip Hammond face in his budget speech?
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