In protest against the "misspending of tax payers money by central government" in light of the fact that it is not the taxpayers who have "defaulted on their tax payments" and therefore do not deserve to have "our public services cut", a group of protesters occupied the branch of Lloyds TSB bank at Carfax and staged a "tea party" complete with cake.

A statement from the organisers stated that "by 2014 we will not have proper public ownership of frontline health and social services. Affordable (council) housing is being phased out. Our money is being spent on things like banks, nuclear weapons, and subsidies to airline companies. These things are not public services. Our money is being spent by central government on things which do not benefit us.".

The occupation lasted for an hour, with the manager of the bank reserving his anger for the press from the Oxford Mail rather than the protesters, according to one of the organisers. Several hundred leaflets explaining the reason for the protest were handed out to the public and all the cake was eaten!