Cryptic crossword clue
GPO is now rationalised but it’s taking a nosedive 8

The most common and most likely answer to this crossword clue is the 8 letter word SWOOPING

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Buddy explains!

The straight part
We know that "taking a nosedive" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case taking a nosedive = swooping.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SWOOPING mean?

SWOOPING verb
  1. To fly or glide downwards suddenly; to plunge (in the air) or nosedive.
  2. To move swiftly, as if with a sweeping movement, especially to attack something.
  3. To fall on at once and seize; to catch while on the wing.
  4. To seize; to catch up; to take with a sweep.
  5. To pass with pomp; to sweep.
SWOOPING noun
  1. The motion of something that swoops.
SWOOPING adjective
  1. That swoops or swoop.

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