Analysts have noted that it is too soon to ascertain whether the slowdown of consumer credit growth in July was due to falling confidence of shoppers or the restraints placed on banks. Despite this, it has been said that no matter which way you look at the figures they are a cause for concern. Business investment is in a lull and generally exports aren’t seeing a substantial increase despite the fall in value of the pound, meaning the consumers are now the glue holding the economy together. Much of this concern is a direct impact of Brexit on consumer confidence and the fall in household spending, as Brits begin to reign in their spending amidst rising inflation.