Crossword Genius

Reduce by ha’pence - ridiculous! (7)

Ross

I believe the answer is:

cheapen

'reduce' is the definition.
(I've seen this in another clue)

'ha'pence ridiculous' is the wordplay.
'ridiculous' indicates anagramming the letters.
'hapence' anagrammed gives 'CHEAPEN'.

'by' acts as a link.

(Other definitions for cheapen that I've seen before include "Reduce worth, degrade" , "Tried" , "Depreciate" , "Cut" , "Reduce the price of" .)

I've seen this clue in the Evening Standard.
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