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Celebrate lately — Brussels account is beginning to expand (8)

Ross

I believe the answer is:

eulogise

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'celebrate lately' is the definition.
'eulogise' can be an answer for 'celebrate' ('celebrate'->'eulogize' is in my internal thesaurus and 'ize'->'ise'). I am unsure of the 'lately' bit.

'brussels account is beginning to expand' is the wordplay.
'brussels' becomes 'EU' (European Parliament is based in Brussels).
'account' becomes 'log' (I've seen this in another clue).
'beginning to' says to take the initial letters.
The initial letter of 'expand' is 'e'.
'eu'+'log'+'is'+'e'='EULOGISE'

Can you help me to learn more?

(Other definitions for eulogise that I've seen before include "Speak in praise of person" , "Praise formally and eloquently" , "Acclaim" , "Laud" , "Praise highly" .)

I've seen this clue in The Independent.
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