Labour would increase bank levy to fund free childcare

BBC news reports :

Shadow chancellor Ed Balls plans to raise the banking levy by £800m a year to fund the move.

Three and four-year-olds currently receive 15 hours of free care a week, but Mr Balls wants to increase this.

Money would be provided for Wales, Scotland and Northern Ireland, but it would be up to the governments there to decide whether to spend it in the same way as England.

What do you think about this news? Do you feel this would help or should the government spend the money on other things, like free school education for instance?