As the World Cup grips the globe, some British fans have turned their gaze to an unlikely venue: Niagara Falls. The question is not whether the falls are spectacular (they are) but whether they offer a superior football-watching experience. Let me save you the trouble: they don't.
The economics of viewing are simple. The cost of a pint near the falls will make your eyes water more than the mist. And the exchange rate?
Sterling has been getting hammered like a League Two defence against a Premier League striker. The real issue, however, is capital flight. Brits are increasingly spending abroad, chasing better value.
This is a sign of a weak pound and a struggling economy. Fiscal responsibility should have been the name of the game years ago, but governments prefer to spend like drunken sailors on shore leave. The result?
Gilt yields rise, inflation sticks, and your holiday money buys less. So no, Niagara Falls is not a better spot to watch a World Cup game. It is a reminder that when your currency tanks, every trip abroad becomes a lesson in market volatility.
Stick to your local pub, pay in pounds, and pray the Bank of England gets a grip. That is the bottom line.
