With Yard anticipating limits on policy my friend and I will be waving goodbye (9)

I haven't cracked this one yet — but the brilliant team at Fifteensquared have:

AND (=with) + Y (=yard, i.e. abbreviation) + P AND Y (=limits on policy, i.e. first and last letters of the word p olic y ); the reference is to the BBC children’s programme Andy Pandy, originally aired in the 1950s, at the end of which Andy Pandy and a friend would wave goodbye to viewers