Table 3 Gross annual investment of universal childcare for different scenarios
| Â | Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 |
|---|---|---|---|---|
Parameters | Â | Â | Â | Â |
Take-up rates | Â | Â | Â | Â |
6Â month- and 1Â year-olds | 50% | 50% | 67% | 67% |
2Â year-olds | 75% | 75% | 90% | 90% |
3 and 4Â year-olds | 90% | 90% | 100% | 100% |
Pay levels | Current | Teacher | Current | Teacher |
Average pay (% of median hourly wage) | 83% | 134% | 83% | 134% |
Costing (£m) |  |  |  |  |
Gross annual cost | 26,574 | 40,222 | 32,555 | 49,375 |
(in % of GDP) | 1.2% | 1.9% | 1.5% | 2.3% |