If you have a SU fuel pump, the ticking you are hearing is normal, other than it shouldn't occure when the accessories position of the ingnition switch. When the float bowls are full and the pump is energized it will tick over anywhere from 5 to 15 or 20 seconds.
The fact that your pump is being energized when in the accrssories position indicates that it is hooked up to the wrong place, it should only come on when the ignition is on. That said, the original ignition switch ia 66 MGB doesn't have an accessory position, where only the radio circuit and some other auxiliary devices are getting power. The original ignition switch in a 66 only has three positions - off, on, and start.
Cheers,