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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

Published Mon, Dec 1, 2014 · 09:50 PM

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    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.

    Turning to his hearty and smiling young nephew who had come by to wish the joyless Scrooge a "Merry Christmas", he barked: "Why should I give that snivelling clerk of mine, Bob Cratchit, a pay rise? He will only go out and spend it if I do."

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