Actually, I'd scrap large parts of the law; everything that seeks to protect people from themselves or interferes with contracts between consenting adults. I really don't care what other people do, so long as they leave me alone, and I genuinely don't understand why people want to poke their noses into other people's lives - or in the case of politicians, run their lives for them, using my money.
I think we are vastly overgoverned. But I do not see any chance of any improvement any time soon; the output of Government being more Government.