In the space of just 25 days since the Referendum, we have seen contenders for the Tory leadership come and go, Theresa May crowned Prime Minister without a contest and top Brexiteers either rewarded with Cabinet positions or discarded from Government.
Quantifying the economic impact from the Referendum result will take time but, for firms in Yorkshire, the North West and the North East, the short term question is what happens to the Northern Powerhouse agenda.
George Osborne, a key proponent of the Northern Powerhouse agenda, has now left the Treasury while James Wharton, previously Northern Powerhouse Minister under David Cameron, has been moved to the Department for International Development to be replaced by Brigg and Goole MP Andrew Percy.
So is the Northern Powerhouse agenda dead?
Not a chance. If anything, in a post-referendum world, the case for a more inclusive economic policy that doesn’t just end at the M25 is even stronger today than it was before June 23rd.
Prime Minister May’s comments last week around a plan “to help not one or even two of our great regional cities but every single one of them” bodes well for the entire region given that there had been rumblings of discontent around how the Northern Powerhouse agenda may have appeared to prioritise a smaller number.
On top of this, while long term economic uncertainty comes with a price tag in terms of delayed investment plans and hiring decisions, short term uncertainty can actually be a positive.