Second-rate monarch is moving (8)
I believe the answer is:
betaking
'is moving' is the definition.
(I've seen this before)
'second-rate monarch' is the wordplay.
'second-rate' becomes 'beta' (I've seen this before).
'monarch' becomes 'king' (king is a kind of monarch).
'beta'+'king'='BETAKING'
(Another definition for betaking that I've seen is " Moving".)
I've seen this clue in The Times.
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