Our financial advisory division has warned that unemployment could rise steeply this year and has also forecasted a rise in unemployment upto 2.8 million. This is the longest period of recession since world war II. Millions of workers have felt the impact through growing unemployment, wage freezes and cuts, negative equity on houses and rising figures on house repossessions. Some of the biggest manufacturing companies in the UK have announced further job cuts in the month of February and March. Many sectors like auto manufacturing, auto parts, pharmaceutical, shopping malls, banks, garment retailers and even local authorities have announced job cuts. The total number of jobless people in UK is 2.5 million approx, which is around 8 percent of the population. The time has come for UK employees to understand that the average earnings rose at a record-low and the situation will keep on worsening till the third quarter of this year. The number of people claiming jobseeker’s allowance has now reached a record high and there are almost no new jobs in the market. The employers have raised the productivity and reduced labour costs leading to the toughest times in the history of UK.