The Coinbase aims to go to the United Kingdom’s financial system in a dark satirical video, arising as the data expresses a steep increase in financial difficulty nationwide.
Title “all is well,” the video using A musical tone and lyrics to boast about the strong finance of the UK as it shows stunning scenes of inflation, poverty, debt and financial struggle – a hint in the gap between what people said and what they really are facing.
“We don’t get problems. There’s no reason to complain,” the video begins, such as damaged houses and individuals with cash fill the screen. “Streets will not get cleaner. Neither the rat meat of any thinner. No. Life is as good as,” it claimed, while the dirty streets shine throughout the screen.
The video is also touching the issue of increasing prices in the UK. “This fish’s fingers are a steal. The price is a smidge – only 100 pounds are food,” he said before joking that things were “worse.”
Related: UK Crypto expects the stall, but ‘encouraging signs’ are present
44% of adults in the UK who are now financially vulnerable
The Coinbase video came as 20.3 million people in the UK, 44% of all adults, have now lived in financial conditions, up to 16% since 2022, According to In a recent report of Fair4all Finance. The increase is driven by unstable income, limited savings, health pain and unemployment.
The report noted a sharp 59% increase in people with average income carrying high debt loads, reaching 3.5 million. Another 1.9 million younger adults, up to 45%, are also struggling, often relying on the services to “buy now pay” and stuck to zero-hour contracts.
The insecurity in the diet has deteriorated, with the use of a food bank rising from 11% to 15%. Half of financial financial situations say they can’t afford a healthy diet. Many return to payday and short -term credit loans to cover basic needs.
Two groups saw the fastest growth. Low -income families with no savings increased by 5% to 3.8 million, while those in a crisis state, who survived full credit, rose 12% to 3.9 million.
Related: UK Working to sell $ 7B on the seized Bitcoin to boost the budget: Report
UK crypto policy under fire
The UK is also under fire for its crypto policy. Last month, analysts in the official Monetary and Financial Institutions Forum (OMFIF), an independent thought tank, argued that the UK was wasting the advantage of early mover Shared Ledger Finance.
They said the UK, who was sometimes expected to set a standard post-brexit gold for crypto regulation, continued to “talk un-specific about future regulation,” citing “policy procrastination” as a major cause The country is falling behind the European Union and the US.
Magazine: Ai Eye: UK’s Orwellian Ai Murder Prediction System, Ai can be your job
