UK GDP growth slower than expected as inflation bites

Figures suggest shops and hotels have been hurt by squeeze on spending power from pound's plunge since Brexit vote

The UK economy suffered a sharp slowdown in the opening months of this year, as the post-referendum rise in living costs took its toll on British households and hit consumer spending.

GDP growth fell more than expected to 0.3% in the first quarter from 0.7% in the previous quarter, the Office for National Statistics said.

Related: UK economic growth slows to 0.3% as inflation bites - business live