July 31, 2025
5 min read
Amin Haqshanas
Coinbase mocks UK’s financial struggles in a satirical video as 44% of adults face financial vulnerability, highlighting inflation and debt issues.
‘Everything is fine’: Coinbase mocks UK financial system in new video
Coinbase has released a darkly satirical video targeting the United Kingdom’s financial system amid growing economic difficulties faced by many Britons. Titled “Everything is fine,” the video uses a musical tone and ironic lyrics to boast about the UK’s strong finances while simultaneously showing stark images of inflation, poverty, debt, and financial hardship. This contrast highlights the disconnect between official narratives and the reality experienced by many citizens. The video opens with the lines:“We ain’t got no troubles. No reason to complain,”while scenes of damaged homes and cash-strapped individuals flash on screen. It continues with:
“The streets can’t get no cleaner. Nor the rat meat any leaner. No. Life is just as great,”accompanied by visuals of dirty streets. The video also humorously addresses soaring prices:
“These fish fingers are a steal. Price is up a smidge, just 100 pounds a meal,”before concluding with a tongue-in-cheek remark that things “could be worse.”
Coinbase release video taking aim at the UK. Source: Coinbase
44% of UK adults financially vulnerable
The video’s release coincides with alarming data from Fair4All Finance revealing that 20.3 million people in the UK—44% of all adults—are living in financially vulnerable conditions, marking a 16% increase since 2022. This rise is attributed to unstable incomes, limited savings, ill health, and job losses. Key findings from the report include:- A 59% increase in people with average incomes carrying high debt loads, now totaling 3.5 million.
- A 45% rise in younger adults struggling financially, often relying on “buy now, pay later” services and zero-hour contracts.
- Food insecurity worsening, with food bank usage increasing from 11% to 15%, and half of financially vulnerable individuals unable to afford a healthy diet.
- Growing reliance on payday loans and short-term credit to meet basic needs.
- Low-income families with no savings rising by 5% to 3.8 million.
- Those surviving entirely on credit increasing by 12% to 3.9 million.
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Financial vulnerability in the UK. Source: Fair4All Finance
UK’s crypto policy under fire
The UK’s approach to cryptocurrency regulation has also come under criticism. Analysts from the Official Monetary and Financial Institutions Forum (OMFIF), an independent think tank, recently argued that the UK has squandered its early-mover advantage in distributed ledger technology (DLT) finance. Once expected to lead post-Brexit crypto regulation, the UK is now said to be lagging behind the European Union and the United States due to what OMFIF calls “policy procrastination.” The country reportedly continues to speak vaguely about future regulation without concrete action.Source attribution: Originally published at Cointelegraph on Thu, 31 Jul 2025.