IMHO 14 year olds should be studying trigonometry and taking cold showers after brutal cross country runs in sub zero temperatures and not humping one another. So, No. I definately wouldn't approve of lowering the age of consent to 14.
However, as for making ALL forms of sexual consent illegal under age of 16......that's just daft.
Generation after generation of kids have been fiddling around with one another (behind the bicycle sheds according to my Dad) from a much earlier age than that! If the government thinks is can pass pre-16 "anti-tinkering" legislation and anybody will actually take heed they're madder than I thought they were. Which is saying something.