Panic over... Santa was withdrawing cash to buy himself a new car

Earlier today we reported how Santa was spotted withdrawing cash from an ATM in the Diamond area of Derry city centre.

It sparked fears he was in financial difficulty and, like many, he would be forced to introduce cutbacks this Christmas.

However, there is no need to panic as we can reveal he was withdrawing cash to buy himself a new set of wheels.

Here he is in his convertible car at the bottom of Racecourse Road.

Sources in the North Pole have told us that Santa would be using his usual method of transport – his reindeer-drawn sleigh – on Christmas Eve and that Christmas was going to be bigger and better than ever.