THE financial markets and the political parties are adjusting to the reality of a Brexit. While in South Lakeland, we narrowly voted to remain in Europe, we were not in the majority and accept that we will be working in a different environment than before.

This will affect us in many different ways. Our procurement rules will likely be impacted as will several other rules and regulations that guide our operations.

Hopefully the government commitment to a Northern Powerhouse will continue. Indeed, with central government focused on the Brexit, there is a strong case for greater de-centralisation.

Over the coming weeks the SLDC will be taking a hard look at what Brexit means for our community – both the opportunities it offers and the risks it presents.

For example interest rates are likely to remain low for a while – perhaps offering opportunities for borrowing. If the fall in Sterling is sustained, our businesses may be better able to export. However, inflation will rise, reflecting the higher cost of imported goods.

As I have mentioned before, I continue to be concerned about the levels of poverty in the area. Eight per cent of children in South Lakeland are in poverty. This is just too high. Too many people still have to have recourse to food banks.

I am worried that with the future changes to benefits plus the possible increase in inflation, the situation may worsen. We all need to be vigilant to help neighbours who may be suffering, and you can rest assured that your councillors will be reviewing what we can do to help.

Finally, I am delighted to report that in the past two and a half years some 250 affordable houses to rent have been built in the district. We therefore are already a quarter of the way to our target of 1,000. I can also report that 50 per cent of our residents have plastic and cardboard kerbside recycling, and we are on track to cover the whole district before the summer of 2017.

Giles Archibald, leader of South Lakeland District Council