11/12/2012 12:03 GMT

CAPTION COMPETITION: What Is Chancellor George Osborne Thinking?

George Osborne was playing host on Tuesday at the annual Christmas party in 11 Downing Street for the Starlight children's charity.

And he looks well and truly stumped.

Who would have thought that the chancellor's intellectual match would be two feet tall and wield a paintbrush?

But what is Osborne really thinking?

Let us know what you think in the comments thread below...

osborne elves