Having no time to wrap the presents for the poet (7)

I believe the answer is:

spenser

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'poet' is the definition.
(16th-century poet Edmund Spenser)

I don't understand the rest of the clue.

(Other definitions for spenser that I've seen before include "Old English poet" , "Edmund -, Eng. poet" , "The Faerie Queene author" , "He wrote" , "Edmund ---, Eliz. poet" .)

I've seen this clue in the Evening Standard.

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