Investing in more childcare provision in England would also create an estimated 130,000 extra jobs in the early years sector, according to the research.
Recommendations include:
making 30-hour childcare universal for three- and four-year-olds and on a higher hourly rate
universal two-year-old childcare for 15 hours on a higher hourly rate
extend a universal 15-hour offer for twos to 30 hours
expand three- and four-year-old offer from 38 weeks to 48 weeks a year
extend wraparound childcare provision in schools from 8am to 6pm
The report states that it would mean that 700,000 households with 1.6 million children could see their incomes rise, with the largest gains for the lowest income households.
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