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Businesses hold key (and cash) to X'mas Good Cheer

Putting more money into pay packets injects money much more effectively into real economy, and that's precisely what is needed now

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Just as Cratchit couldn't spend on his family at Christmas time (until Scrooge repented of his miserly ways), so consumers can't consume until they've the financial resources to do so.

Tokyo

IT was approaching Christmas time and old Ebenezer Scrooge sat hunched at the desk of his counting house (bank) in the City of London. He was wearing a threadbare overcoat and warming his hands over a candle that served as a substitute for a fire. "Bah! Humbug!", he growled.