In a press statement released today at 21.oo GMT Father Christmas  announced that, from today onwards, all toys will be manufactured by Chinese elves due to the increasing costs of employing elves at the North Pole. This has been exacerbated due to the effects of global warming and the shrinking ice cap making Real estate in the Northern Latitudes increasingly expensive.

Santa denied that product quality would be effected stating that toys will continue to be designed by Northern elves. Only the manufacturing operation itself is being subcontracted to China.

No member of the Chinese Goverment was available for comment and Santa catagorically stated “…this has absolutely nothing to do with the recent Copenhagen event & ,despite rumours to the contrary, I was not a participant”