With recession looming, companies in the UK are closing down their business fast and laying off people, giving rise to increase in unemployment to a new alarming rate.
The economic downturn has gone from bad to worse, and with the trend, it is likely that the job loss in UK could hit a million when Christmas [...]

When told that their company has gone under, Lehman Brothers’ employees in the UK packed their stuff and went home, seemingly resigned to the fate that they won’t see their September salary.
That means many of them would not enough money to cover their range of usual expenses including mortgage, hire purchase, rent, food and groceries, [...]