BoE's Saunders: UK neutral rate is a lot lower than in the past

BoE MPC member - Michael Saunders was out on the wires in the last hour saying that the UK has missed out on 2-3 years of business investment on Brexit, though smooth Brexit transition would probably boost investments. 

Additional quotes:

   •  Series of repeated Brexit cliff edges could cause investment to be subdued for a while.
   •  A no-deal Brexit would lead to a fall in the Sterling, raise inflation.
   •  Would expect interest rates to go a bit higher over time but the process won't be far or fast.
   •  UK neutral rate is a lot lower than in the past and is around 2%.
   •  UK real incomes have picked up in the past year and a Brexit deal would help economic outlook.