The plans include a new NHS Direct hotline where people can talk to trained therapists as well as more advice available in job centres and doctors surgeries.
There is a fear that those suffering from the credit crunch may suffer from long-term mental illness such as depression and anxiety and therefore struggle to find employment, causing more worry and stress.
Health secretary Alan Johnson said: “In the current economic downturn, the potential exists for more people to become anxious or depressed. If someone is feeling down after losing their job, the best solution is a new job and we are helping people find them wherever possible. But, in some cases, depression and anxiety can be a barrier to getting another job.”