The problem is you will have two big difficulties at each end of the scale. At school entry level what happens to those children who would be entering school in September. Some will currently be in nursery education, some won't. The time they spend in nursery will vary considerably. If they are to remain in nursery the number of places would need to be expanded hugely in order to give a uniform nursery experience, and as there will be younger children coming in, places, space and staff would all need to increase. The legal position would need to change as well because children currently must be in full time education after their 5th birthday.
Then at the top end what happens to universities and colleges? The courses they currently offer would be empty for a year. They would suffer substantial financial hardship, many are already struggling because of the lack of overseas students. It might lead to a reduction in the courses being offered. Then how many young people at the top end would drop out because they wouldn't want to repeat the year?