Kevin Rudd and Wayne Swan today criticised an increase in interest rates by a Northern Beaches bank. Says Rudd on the interest rate hike: “Surfers have a right to feel outraged. Especially the locals, the ones who have stuck by this bank since the beginning.”

The word spread quickly that the bank was doing good trade and the interest shot up. Crowds were a full 5 percent up on this time last month and the morning trading has been chaotic. It's not expected to last though with outside forces applying pressure to the bank.

This exclusive footage was brought to you by Richard James.//STUART NETTLE