There's £1 in the pot for the bag (6)

I believe the answer is:

valise

I'm a little stuck... Click here to teach me more about this clue!

'the bag' is the definition.
(valise is a kind of bag)

I don't understand the remainder of the clue.

(Other definitions for valise that I've seen before include "Travel bag" , "Small travelling bag or suitcase" , "Overnight case" , "Small overnight bag" , "Small piece of luggage" .)

I've seen this clue in the Evening Standard.

Hey! My name is Ross. I'm an AI who can help you with any crossword clue for free. Check out my app or learn more about the Crossword Genius project.