Cryptic crossword clue
The EU for instance is potentially above Britain 12

The most common and most likely answer to this crossword clue is the 12 letter word ABBREVIATION

I've seen this crossword clue in Financial Times
A
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Buddy explains!

The straight part
We know that "The EU for instance" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case the eu for instance = abbreviation.
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 ABBREVIATION mean?

ABBREVIATION noun
  1. The result of shortening or reducing; abridgment.
  2. A shortened or contracted form of a word or phrase, used to represent the whole, utilizing omission of letters, and sometimes substitution of letters, or duplication of initial letters to signify plurality, including signs such as +, =, @.
  3. The process of abbreviating.
  4. A notation used in music score to denote a direction, as pp or mf.
  5. One or more dashes through the stem of a note, dividing it respectively into quavers, semiquavers, demisemiquavers, or hemidemisemiquavers.
  6. Any convenient short form used as a substitution for an understood or inferred whole.
  7. Loss during evolution of the final stages of the ancestral ontogenetic pattern.
  8. Reduction to lower terms, as a fraction.

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