By Christian May The Chancellor insisted yesterday that the proceeds of economic growth must be “felt by the many,” in a line that echoed the commitment made by David Cameron 15 years ago to “share the proceeds of growth.” Rachel Reeves would not be comfortable with such a comparison, and as if to make that very point she assured the Labour party conference that there will be “no return to austerity” and that public spending will increase in real terms during this Parliament. Let nobody claim the Chancellor doesn’t like a challenge. City analysts are scratching their heads in an effort to squa…