My own belief is that overall taxation is far too high and certainly does not reflect value for money. Equally there are far too many taxes, government basically thinks we are all stupid and won't realise how much tax we are paying by taking some here and some there.

The time is right to consolidate income tax and employees national insurance. Council tax should also be rethought as it is very regressive to people on low and fixed incomes.

One major downside to high taxation is that people have nothing left to put aside for their old age, yet the government wants us all to save more for retirement.