According to the recent estimates by BDO accountants, the unemployed number of people in the UK soared and is set to hit 2.75 million in November next year, as compared to 2.47 million currently.

Pointing to a slowdown, both the number of people in work and vacancies fell, therefore, the declining employment remained unbothered for several months, with intensity off sinking 93.6 employment indexes in October.

With the willingness of the recovery, the private sector companies preserved existing staff, despite the fact that, the public sector employment levels are set to drop as the government initiate cost cuts, leading to further increases in unemployment in late 2010 and beyond.

"Britain's bosses will have difficult decisions to make when the upturn arrives, including continuing to take a close look at their workforces. Many companies have done their utmost to hold on to staff, so they are unlikely to be advertising for new recruits even when demand increases. Unfortunately there will be no silver bullet for unemployment when recovery does arrive", said Peter Hemington, a partner at BDO.

Glancing through the report, the small and medium-sized companies are confident about the recovery, aiming the stabilized demand for the goods. Therefore, Confederation of British Industry states that 24% of the companies report rise in new orders during the three months to the end of October, apart from four out of 10 firms which reported a decline.