Renewed respect for royal symbol (7)
I believe the answer is:
sceptre
'royal symbol' is the definition.
(I've seen this before)
'renewed respect' is the wordplay.
'renewed' indicates an anagram.
'respect' with letters rearranged gives 'SCEPTRE'.
'for' is the link.
(Other definitions for sceptre that I've seen before include "Staff carried by monarch" , "Monarch's ceremonial staff" , "Royal symbol" , "Official staff" , "Staff of regency" .)