"Ticking Timebomb": 500,000 UK Small Businesses Could Imminently Go Bust “Ticking Timebomb”: 500,000 UK Small Businesses Could Imminently Go Bust As a stagflationary storm looms over the UK economy, the Federation of Small Businesses (FSB) chairman warned of a tsunami of small business closings without new support packages from the government. FSB chairman Martin McTague, recently told BBC …