Coinbase has released a satirical video titled “Everything is Fine,” which sharply criticizes the current state of the UK economy. The video mocks the gap between the government’s official statements about economic stability and the actual situation, forcing millions of Britons to struggle with financial difficulties.
This is reported by Business • Media
Financial Vulnerability and Rising Poverty
Accompanied by upbeat music, the video showcases scenes of impoverishment: dilapidated homes, crowded food lines, and neglected streets. Ironic phrases like “these fish sticks are a real find, only 100 pounds for a serving” vividly highlight the soaring prices in the country.
The release of the video coincided with the publication of a study by Fair4All Finance, which found that 44% of the adult population in the UK—over 20 million people—are in a financially vulnerable position. Compared to 2022, this figure has increased by 16%. Analysts cite unstable incomes, lack of savings, and rising debt burdens as the main reasons.
“If everything is fine, then don’t change anything at all. But when the financial system isn’t working for so many people in the UK, it needs to be updated”.
Particularly concerning is the trend among young people: in the last two years, the number of young Britons facing financial problems has increased by 45%, reaching 1.9 million individuals. More people are being forced to use “buy now, pay later” schemes or work on zero-hour contracts. The proportion of those turning to food banks has risen from 11% to 15%, and half of vulnerable citizens admit they cannot afford a full diet.
Cryptocurrency Regulation: Criticism of the Authorities
The report also notes an increase in the number of families without savings (3.8 million) and households living solely on credit (3.9 million). Both figures have significantly risen over the past two years.
Meanwhile, analysts criticize the government’s approach to regulating digital assets. According to experts from the OMFIF think tank, London has lost its leading position in cryptocurrency oversight. Delays in implementing clear rules and uncertainty have left the UK trailing behind the US and the European Union.