Yes, heartless blond Conservative admits “made up fantasy” (5,5)

I believe the answer is:

fairy story

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'up fantasy' is the definition.
The answer and definition can be both related to communication as well as being singular nouns.
Perhaps you can see an association between them that I can't see?

'yes heartless blond conservative admits' is the wordplay.
'heartless' means to remove the middle letters.
'blond' becomes 'fair' (similar in meaning).
'conservative' becomes 'tory' (informal term for a Conservative Party member).
'admits' indicates putting letters inside.
'yes' with its centre removed is 'ys'.
'fair'+'tory'='fairtory'
'ys' placed inside 'fairtory' is 'FAIRY STORY'.

'made' is the link.

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I've seen this clue in The Times.

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