In faked diaries, Liberal politician of old (8)
I believe the answer is:
disraeli
'politician of old' is the definition.
'disraeli' can be an answer for 'politician' (I have seen 'Victorian politician ' mean 'disraeli' so perhaps 'politician' could also mean 'disraeli'). I am unsure of the 'of old' bit.
'in faked diaries liberal' is the wordplay.
'in' is an insertion indicator.
'faked' indicates an anagram (I've seen 'faking' mean this).
'liberal' becomes 'l' (abbreviation).
'diaries' with letters rearranged gives 'disraei'.
'disraei' placed around 'l' is 'DISRAELI'.
Can you help me to learn more?
(Other definitions for disraeli that I've seen before include "I lead, sir (anag) - British PM, d. 1881" , "Benjamin --, former PM" , "C19 Prime Minister" , "This British prime minister was an ideal sir" , "Ali dries out for the former British prime minister" .)