It can seem beguilingly like a time warp. Picturesque houses line its narrow lanes, low crime levels allow children to play freely, cars do not top 35 miles an hour and its coastline conjures up images of childhood holidays.

In parts, this could almost be 1950s rural Britain. But you cannot achieve one of the world’s highest levels of GDP per capita in a community of little over 60,000, on a 24-square mile island, by living in a time warp.