The Chancellor is presiding over a “high-tax, high-spend, low-growth, quasi-socialist economy”, a Conservative backbencher has claimed. Philip Davies, MP for Shipley, urged Jeremy Hunt to lower the “burden of taxation” and introduce “some tax cuts” days after the Chancellor’s Spring Budget. Speaking during Commons Treasury questions, Mr Davies said: “Although I appreciate it’s largely as a result of the idiotic decision to lock down the country and the economy for the best part of two years, the Chancellor nevertheless finds himself presiding over a high-tax, high-spend, low-growth, quasi-socialist economy. “So when can those of us who remain as Conservatives expect to see some tax cuts and the burden of taxation coming down?” Tory former minister Sir Desmond Swayne could be heard shouting “answer” to the Chancellor. Mr Hunt said he hoped Mr Davies was reassured by the corporation tax cut worth £9 billion, adding: “And if we make it permanent, the capital allowances as I would like to, that will give us the best investment incentives anywhere in the OECD.” Conservative former cabinet minister Dame Andrea Leadsom added her voice to Tory backbenchers concerned that the Government’s childcare extension could see parents seeking to look after their own children “left...