The idea is one of six suggested by United for All Ages, to give children a good start in life, reduce youth unemployment, support families with childcare and care of the elderly and enable older people to play a fuller role in society.
The "next generation" fund, financed by the additional National Insurance payments would help young people into work, with a focus on employment in care, health, education, transport and housing.
Additional programmes, including a lifelong care policy, education and volunteering opportunities to nurture young people’s skills, early intervention for struggling families and mentors for troubled children, would be funded by other tax-raising methods.
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