There were positive signs for the economy today as latest figures showed that the number of unemployed elves in the toy-making business is the lowest in almost a year.
Chancellor George Osborne has highlighted the news as evidence that the government’s economic policy is finally starting to show results.
‘There was a huge and sudden drop in the demand for skilled toy-makers just after Christmas in 2011, which nobody saw coming. This hit one minority group particularly hard, namely elves. Some re-trained as jockeys but for many it has been a difficult year,’ said Mr Osborne.
He added: ‘These figures show that our policies are working for small businesses. I am personally confident that there will be no repeat of the collapse we saw last year and that this growth will continue for the foreseeable future. And some small minded people still think I don’t understand the economy.’