This report outlines findings from the National Literacy Trust's tenth Annual Literacy Survey relating to children and young people's reading in 2020, in addition to findings from the Trust's survey of children and young people's reading during the COVID-19 lockdown. 58,346 children and young people aged 9 to 18 in the UK took part in the Annual Literacy Survey between January and March 2020, while 4,141 children and young people aged 8 to 18 in the UK took part in the Trust's survey during lockdown between May and early June 2020. Key findings include: (1) Children are reading and enjoying reading more during lockdown but boys may be losing out; (2) Audiobooks might be a way to re-engage boys with stories, as this is the only format where more boys than girls said that they enjoy it more and are doing it more often; (3) Lockdown has given many children the opportunity to discover or re-discover themselves as readers, due to having more time to read (due to less competing priorities) and increased access to stories online; (4) Children have turned to adventure, comedy, fantasy and real life stories during lockdown and have found joy in discovering books they had never read before; (5) Reading has also provided refuge in this difficult time, supporting children's mental wellbeing and enabling them to dream about the future; (6) However, barriers including a lack of access to books (with schools and libraries closed), a lack of quiet space at home and a lack of school/peer support have negatively affected some children's ability to read and their motivation to read for enjoyment; and (7) Helping children sustain a love of reading beyond lockdown is crucial to supporting children's literacy skills, wellbeing and life chances. [Additional financial support for this report was provided by Puffin.]