BoE's Saunders: Neutral interest rate is around 2% for UK

Additional comments continue to cross the wires from Bank of England rate-setter Michael Saunders as he responds to questions after delivering his prepared speech earlier in the hour.

Key quotes (via Reuters)

• UK businesses are placing more weight on the chance of a disorderly Brexit than BoE forecasts assume.
• Neutral interest rate is around 2% for UK.
• Asked about possible VAT cut by next prime minister, says tax cut would boost growth and have monetary policy implications.