The British referendum on the membership of the European Union on 23 June 2016 came as a shock. The Brexiteers won with 51.9% against the Remainers (48%). The vote to leave the EU is a leap into the unknown and the consequences are unpredictable. The UK has had its credit rating downgraded since Brexit. What will be the economic impact of Brexit? It has opened an era of uncertainty, lowered the pound and increased inflation to 2.3% in June 2018 hitting consumer spending and reducing the purchasing power of British households.