No matter which way you look at it, this gets us to 80-90% government surveillance. The government will be able to search databases and know of your phones location, who your friends and acquaintances are, who you talk to and message on a regular basis (and in some cases the contents of those messages), what you've bought/sold, where you work, your salary, holiday destination, motor vehicle trips, elements of public transport journeys, communications you've made and your personal interests.
The only reason they can't do 100% (yet) is there's no widespread facial recognition being used, bank notes aren't tracked and nor are bicycles displaying ID's. Oh, and covering your face from CCTV isn't an offence. Yet.