Treat former-PM with contempt and consternation (6)
I believe the answer is:
dismay
'consternation' is the definition.
(synonyms)
'treat former-pm with contempt' is the wordplay.
I cannot really understand how this works, but
'pm' could be 'may' (former UK prime minister Theresa May) and 'may' is found in the answer.
The remaining letters 'dis' is a valid word which might be clued in a way I don't see.
This explanation may well be incorrect...
'and' acts as a link.
Can you help me to learn more?
(Other definitions for dismay that I've seen before include "Sadden" , "Affright" , "Consternation, discouragement" , "Fill with apprehension" , "Concern and distress at something unexpected" .)