The British economy saw a significant slowing in its first quarter, as the resilience it had shown in the face of Brexit begins to crumble. Many analysts predict a tough year ahead, with growth decreasing to a total of 0.4% the lowest the rate has been since the first quarter of 2016. It has been suggested that the slide in the value of the pound in the wake of the vote has had more negative effects than positive, with the higher cost of imported goods driving the inflation rate up to 2.3%.