FORMER Prime Minister Harold Wilson once famously said that a week is a long time in politics.

If anything the European Referendum has shown us that that was an over-estimate - even a day is now a long time in this frenetic, social media age that we live in.

Now is not the time to re-run the arguments for and against remaining in the EU but I will say this - it is now more vital than ever that we get reform of the "Barnet Formula" that funds Wales.

Why do I say this? Well, it's likely that at least some of the lost EU funds that are replaced by the Westminster Government will be distributed via the aged 1970s formula that currently over-rewards Scotland whilst squeezing the Welsh budget.

If you factor in the risk of higher inflation that we now surely face as the currency drops in value against other benchmark currencies it becomes more imperative than ever that every one of Harold Wilson's "Pound in your pocket" reaches us and is, of course, well spent.

It was interesting that Monmouthshire voted to Remain whilst areas such as the valleys that are the greatest beneficiaries of EU funds voted to leave.

Whilst costly projects such as the Heads of the Valleys corridor improvements are clearly important to the powers that be, we need to make sure they are actually what people really want.

Of course life goes on and it was an honour to attend two recent, important events - a ‘Time to Change Wales’ mental health awareness-raising event in my home village of Raglan, and new Abergavenny Mayor Chris Woodhouse's special evensong at Christchurch to mark his installation.

Public service is never an easy choice but it is a vital part of the democratic process that makes our country what it is.

I have long called for greater scrutiny in the Assembly itself. I was honoured to be elected as Chair of the Public Accounts Committee as part of this new, open system.

It goes to show the structures that govern us can and do change for the better - even if it often takes a lot longer than that famous week that is so often used to mark short-term, tumultuous political change.