Federation of Small Businesses calls on Rishi Sunak for more support to deal with ‘ticking timebomb’
Cost of living crisis: most small firms fear long-term fallout
Rising costs have creating a “ticking timebomb” for UK small business owners, the chairman of the Federation of Small Businesses (FSB) has warned, with almost half a million firms at risk of going bust within weeks without a fresh wave of government support.
While the FSB chairman, Martin McTague, applauded the chancellor Rishi Sunak’s latest support for consumers through the £15bn cost of living package announced last week, he said some of those recipients could lose their jobs unless the government rolled out targeted measures for their employers.
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