As a result the claims for jobless benefits rose 31,800 to 939,900 since November 2006 which is a faster increase than the worst six months of the recession in 1992.

The increase in unemployment has coincided with the dent in popularity of Prime Minister Gordon brown and as David Tinsley, an economist at National Australia Bank indicates, that "the bounce will fade before the next election and next year's story will be of an economy suffering and rising joblessness.''

Gordon Brown has been seen to actively make changes and the move to save banking has increased his support among U.K. voters by seven points to 33 percent.

However it is likely to be difficult times for both the Prime Minister and job hunters alike as UK banks may cut 62,000 staff in London by the end of next year.

The financial services industry is not the only one to be hit hard, however many finance professionals are likely to have to move abroad in search of work.