Eleven people were arrested after a day of protest in London saw anti-capitalists from the Occupy movement pitch tents outside the Bank of England.

The arrests were made for public order offences linked to the demonstrations, which led to around 10 tents being set up outside the banking institution, City of London Police said.

The protest by around 300 demonstrators was part of a global day of action in which thousands of people staged rallies in cities including Moscow, New York, Athens and Madrid, organisers said.

Protesters gathered outside St Paul's Cathedral for a rally before embarking on a "visiting the 1%" march which attempted to visit the offices of some of the largest banking institutions.

These included some of the largest firms in the financial heart of the capital, such as Goldman Sachs, Merrill Lynch, RBS and Santander.

Protesters filled a tent with balloons and floated it above the site where they were previously camped for several months.

Occupy London supporter David Lincoln said: "The Bank of England stands right at the intersection of finance and government.

"In the light of Bank governor Mervyn King's recent comments about 'vested interests' standing in the way of reform of the financial sector, it is clear that that balance in the UK is fundamentally skewed.

"Hundreds of people gathering by the Bank of England is a powerful symbol of how things have to change."

The demonstrators were closely shadowed by City of London Police, who attempted to contain them on several occasions, leading to a number of minor skirmishes.

A police spokesman said protesters had been given a deadline of 5.45pm yesterday to leave the area outside the Bank of England. A handful remained in defiance of the order.

A force spokesman said: "We have a proportionate response in place."

Occupy claimed some police officers used "unreasonable force, including batons being drawn", as they marched around the City.
One protester at St Paul's, who gave his name only as Jamie, said they were taking "informed action".

He added: "There will be a walk through the city to meet some of the institutions we have identified as the beneficiaries of crisis, as the instigators of crisis from which we are all as a people, and as communities, suffering.

"We will go around and make our presence felt."

The new protest comes more than six months after members of campaign group Occupy London were prevented from occupying the square in heart of the City of London.

Instead, activists set up camp outside St Paul's Cathedral just yards away from the Stock Exchange and remained there for four-and-a-half months.

At the start of May police arrested five people after between 50 and 100 anti-capitalist protesters set up a temporary camp outside the London Stock Exchange following May Day demonstrations.

They moved into Paternoster Square with tents and supplies on May 1, but were forced to leave by officers several hours later.
The Occupy protesters were joined by members of Spanish protest group Indignados and Take the Square.

Protesters in Spain are aiming to occupy Madrid's central Puerta del Sol plaza for the next three days, despite the Government warning it will not allow any camping.

Occupy said they have planned another protest for this Tuesday, which will target the British Bankers' Association.

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  • Occupy London

    Anti-capitalist 'Occupy' protesters demonstrate at the entrance to the Royal Exchange, next to the Bank of England, in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    A cash point (ATM) is taped-up during an 'Occupy' anti-capitalist protest in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    Anti-capitalist 'Occupy' protesters demonstrate at the entrance to the Royal Exchange, next to the Bank of England, in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    An 'Occupy' anti-capitalist protester chants as she stands at the entrance to the Royal Exchange, next to the Bank of England, in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    A balloon-filled tent floats in the air outside Saint Paul's cathedral in central London during an 'Occupy' anti-capitalist protest on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    A demonstrator's flag is waved during an 'Occupy' anti-capitalist protest in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    Two men wearing a tent attempt to enter a branch of Starbucks coffee shop near Saint Paul's cathedral in central London during an 'Occupy' anti-capitalist protest on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)

  • Occupy London

    Anti-capitalist 'Occupy' protesters demonstrate at the entrance to the Royal Exchange, next to the Bank of England, in central London on May 12, 2012. Several hundred Occupy protesters took to the streets of the City of London today, calling for an end to 'predatory capitalism' after their movement declared a global day of action. AFP PHOTO / LEON NEAL (Photo credit should read LEON NEAL/AFP/GettyImages)