Richard Quigley MP Welcomes Strong Economic Growth Figures As ‘Great News’ For Isle Of Wight

Richard Quigley, MP for Isle of Wight West, has welcomed today’s announcement that

the UK economy grew by 0.7% in the first quarter of 2025—surpassing economists’

expectations and signalling a major step forward in national recovery and regional

opportunity.

Commenting on the figures, Richard Quigley MP 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.

Richard Quigley MP highlighted the Isle of Wight’s potential to benefit from this national upswing:

“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.”

The Chancellor, Rachel Reeves MP, also welcomed the figures but stressed that more work lies ahead:

“Today's growth figures show the strength and potential of the UK economy.

"Against a backdrop of global uncertainty, we are making the right choices in the national interest.

"But there is more to do—we will go further and faster to make working people better off.”

While Richard acknowledges that there is still more to be done, he 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.