Samsung Note 1 - cut or copy in any app causes it to hang and crash I hope someone can help rather than the normal suggestion of rebuild.

I have Samsung Note 1 with Android 4.0.4. This is the most up to date version available (UK - O2 network)

Cut or copy hangs the application. This is the same across all apps.

Any suggestions as its almost impossible to use without it as I use it as my main business tool.
There is a clipboard-related Samsung firmware bug which is known at least since July 2012 and happens on multiple Samsung devices with Android 4.0.x (ICS). It is reported to be fixed in Jelly Bean updates, but they may not be available for all devices which have this problem. Other solutions discussed in the bug comments, such as removing everything from the /data/clipboard directory, require a rooted phone.

The bug is also not present in custom ROMs which are not based on Samsung TouchWiz (such as CyanogenMod).