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Squeeze firm parliamentarian essentially missing break (8)

Ross

I believe the answer is:

compress

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'squeeze' is the definition.
(compressing is a kind of squeezing)

'firm parliamentarian essentially missing break' is the wordplay.
I cannot quite see how this works, but
'firm' could be 'co' (a firm is a company) and 'co' is found in the answer.
'parliamentarian' could be 'mp' and 'mp' is located in the answer.
This may be the basis of clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for compress that I've seen before include "Crush" , "Squeeze; a staunching pad" , "Make more compact" , "Reduce by squeezing" , "Squeeze into less space" .)

I've seen this clue in The Hindu.
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