Give a phoney hug for money (5)

I believe the answer is:

dough

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'for money' is the definition.
(dough can informally mean money)

'give a phoney hug' is the wordplay.
'give' becomes 'do' (I can't explain this - if you can you should give a lot more credence to this answer).
'a phoney' indicates an anagram.
'hug' anagrammed gives 'ugh'.
'do'+'ugh'='DOUGH'

Can you help me to learn more?

(Other definitions for dough that I've seen before include "Bready mix" , "Bread-paste" , "Flour and water mix; money" , "Paste; money" , "Floury mixture" .)

I've seen this clue in the Evening Standard.

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