41.   If our income is not stable and inflation resistant, then budgeting becomes impossible.

42.   There was reduced income because few houses were sold and there were high overheads and staff outlays to manage an increasing stock of unsold houses.

43.   But the dividend income is relatively modest, and coming from abroad they are not a tax-efficient source of income.

44.   He added that rental income was sufficient to cover interest payments.

45.   The income is tax-free because your units are held in a personal equity plan.

46.   Personal incomes are also under pressure.

47.   In this case, of course, the average permanent income would be just equal to the average measured income.

48.   In a normal year, we should expect aggregate transitory income to be zero, so that aggregate measured and permanent incomes would be equal.

49.   If we assume that these institutional arrangements remain unchanged, then money income is the main determinant.

50.   Her income from investments is a closely-guarded secret.