Worthless type now working around North (8)
I believe the answer is:
twopenny
'worthless' is the definition.
(thesaurus)
'type now working around north' is the wordplay.
'working' indicates anagramming the letters.
'around' means one lot of letters goes inside another.
'north' becomes 'n' ('N' can be a synonym of 'north').
'type'+'now'='typenow'
'typenow' is an anagram of 'twopeny'.
'twopeny' enclosing 'n' is 'TWOPENNY'.
(Other definitions for twopenny that I've seen before include "Cheap, worthless" , "vulgar" .)