By Press Release
Richard Quigley, MP for Isle of Wight West, has welcomed today’s announcement that the UK economy grew by 0.7 per cent in the first quarter of 2025 — exceeding economists’ expectations.
Commenting on the figures, Mr Quigley said: “This is excellent news for our country and our community. The fact that the UK posted the strongest growth among G7 nations shows that our economy is turning a corner. It brings fresh optimism for families, businesses, and investors here on the Isle of Wight.”
According to the Office for National Statistics, the growth was driven by robust performance in the services sector — particularly retail and IT — as well as gains in manufacturing.
Highlighted the Isle of Wight’s potential to benefit from this national upswing, Mr Quigley added: “The Isle of Wight is well-positioned to ride this wave of growth. From our vibrant tourism and hospitality sectors to our leadership in renewable energy and digital innovation, we’re ready to attract new investment and create high-quality local jobs.” He also referenced the Island’s ongoing infrastructure and regeneration projects, which, he believes, will gain momentum amid rising business confidence and improved economic stability: “Greater stability creates the conditions for long-term planning and sustainable development — exactly what we need to build a stronger future for our Island.”
While acknowledging that there is still more to be done, the MP remains committed to working hard on behalf of the Isle of Wight — ensuring that the community receives the full benefits of the government’s ongoing focus on economic growth and levelling up across the UK.
Rufus Pickles - Local Democracy Reporter