Amid a long and often fractious general election campaign in the UK, it has been easy to overlook breaking economic news. But the latest data on the UK’s economic performance is encouraging. Figures just published by the Office for National Statistics reveal that GDP growth during the first quarter of the year, at 0.7%, was stronger than previously estimated. Indeed, the UK was the fastest-growing economy in the G7 during the first quarter of the year – and with the Bank of England now having succeeded in getting inflation down to its target levels, interest rate cuts could provide further support for growth.

The UK’s services sector, in particular, appears to be outperforming, while businesses in areas such as manufacturers are still struggling to accelerate out of the recession that hit the country last year. But there are bright spots across the economy, and business optimism now appears to be improving – one recent survey by Lloyds Bank found British businesses were feeling more confident than at any time in the past eight years.

So, if the UK economy is now poised to accelerate, which growing businesses might be best placed to benefit?

BVNK

BVNK is a payments platform that enables its clients to launch stablecoin payments. Stablecoin is designed to have a stable value by being pegged to another asset, such as a currency, commodity, or financial instrument. Headquartered in London and just three years old, it has grown its team to over 270 employees and secured $40 million in funding to date. It most recently announced it had integrated PayPal USD as a way of boosting the mainstream adoption of stablecoins.

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