UK has missed out on 2-3 year of business investment on Brexit

smooth Brexit transition would probably boost investment

Brexit deal would help economic outlook

series of repeated Brexit cliff edges could cause investment to be subdued for a while

UK real incomes have picked up in past year

UK neutral rate is a lot lower than in the past

estimates neutral rate is about 2%

I would expect interest rates will go a bit higher over time, but it won’t be far of fast