I know that you’re in a difficult position, one in which many FDs would empathise: borrowing is high; problems, especially social care/health and housing, need solving; and tax rises (cost cutting to an FD) aren’t popular.
If you think that you can “kick the can down the road” by borrowing more, then good luck. Markets will correct in the next year or two and conventional economics dictate that interest rates should fall. Unless they have risen by then this won’t be a cure, as Japan’s experience demonstrates. And if they rise the cost to the Exchequer will start to pinch other budgets.
As I rapidly approach middle age – well OK at 56 maybe I am actually in it – it would be natural to think that I should be able to feel comfortable. So when people talk about getting outside of my comfort zone I wonder why?
It appears that my view of where the comfort zone is is wrong. It wasn’t comfortable climbing Kilimanjaro but it wasn’t especially difficult: I’ve climbed mountains before and Kili, unusually for such a high peak, doesn’t require any skill beyond putting one foot in front of the other; oh and camping, and not having a wash for a week. In other words things that I have done before. (Just to put your mind at rest Macchu Picchu was the other occasion I didn’t wash for a while).