Given the resounding Conservative victory last week, many of our readers have been calling for the new government to radically reform the British tax system. One such firm is London-based accounting and tax advisory firm Blick Rothenberg.

“The Chancellor has already described himself as the ‘low tax guy’ now is the time for him to reform and simplify the British tax system, but tax rises should not be ruled out,’ said Nimesh Shah, a partner at the firm, adding that the Conservative manifesto was “very light” on announcements about tax. 

This caution, he said, was to avoid pre-election scrutiny, but now ...