It's fine - fine to threaten your leader (6)
I believe the answer is:
floury
'it's fine' is the definition.
(similar in meaning)
'fine to threaten your leader' is the wordplay.
'fine' becomes 'f' (abbreviation).
'to threaten' becomes 'lour' (I've seen this before).
'leader' indicates taking the first letters.
The initial letter of 'your' is 'y'.
'f'+'lour'+'y'='FLOURY'
(Another definition for floury that I've seen is " Slightly crumbly (pastry); starchy (potatoes)".)
I've seen this clue in The Independent.
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