Dealing with wrapping paper close to Yule in many cases (5)
I believe the answer is:
often
'in many cases' is the definition.
(I've seen this in another clue)
'dealing with wrapping paper close to yule' is the wordplay.
'dealing with' becomes 'on'.
'wrapping' indicates putting letters inside.
'paper' becomes 'FT' (Financial Times newspaper).
'close to' says to take the final letters (the close of something is the end).
The final letter of 'yule' is 'e'.
'ft'+'e'='fte'
'on' enclosing 'fte' is 'OFTEN'.
(Other definitions for often that I've seen before include "Frequently, many times" , "Repeatedly with regularity" , "Quite frequently" , "Commonly" , "on numerous occasions" .)