Gocashless

OVER £20 BILLION ANNUAL BOOST TO THE ECONOMY-

Within three years -

• HMRC VAT receipts could rise by £4 billion per annum
  
• HMRC Income tax receipts could increase by £4.5 billion per annum
  
• HMRC Corporation tax receipts could increase by £5.5 billion per annum
  
• Reduction in crime could save the police £1.6 billion per annum
  
• The insurance industry would make savings of £1.4 billion per annum
  
• NHS savings would be £1.1 billion per annum
  
• Bank of England savings on printing/ minting cash and counterfeiting would be £1.6 billion per annum
  
• Retailers savings on managing cash would be £1.8 billion per annum
  

Total Annual Benefits £21.5 billion
All figures are estimates based on available information for which the GoCashless campaign accepts no responsibilty for any inaccuracies