Gruesome trophy in fiscal policy (5)
I believe the answer is:
scalp
'gruesome trophy' is the definition.
'scalp' can be an answer for 'trophy' (I've seen this before). I am unsure of the 'gruesome' bit.
'in fiscal policy' is the wordplay.
'in' indicates the answer is hidden within the clue.
'SCALP' is hidden within 'fiscal policy'.
Can you help me to learn more?
(Other definitions for scalp that I've seen before include "Track, way" , "Hair producer" , "Token of victory" , "Hirsute war trophy once taken by Native Americans" , "wants to resell theatre tickets" .)