Oxford Bullingdon Club's distasteful initiation ceremony

EPHRAIM HARDCASTLE: Oxford's notorious Bullingdon Club, whose past members include David Cameron, George Osborne and Boris Johnson, is said to have a distinctly tasteless initiation ceremony at present.
An Oxford stalwart claims it involves burning a £50 note in front of a beggar. Rather tactless of them, just as David Cameron was putting the whole Andrew Mitchell plebgate saga behind him!

Photo: Christchurch College, Oxford. The Bullingdon Club is a university wide society with a reputation of elitism Source