I'm thinking it has to be a sensor of some kind, as it drives fine.
I don't know about the mk3 but my MK2 did that and it was the fuel pressure sensor. My Mrs st had the same sensor fail, but hers sometimes had boost issues as well +fuelling issues if you looked at the data. I've seen a few people say same as you and it turned out to be the same sensor.
Mk3 could be something different, and I have seen a few other problems with the same (or lack of) symptoms so could easily not be the fuel pressure sensor.
Unfortunately even assuming it's a sensor you've got probably a couple thousand ÂŁÂŁÂŁ worth of sensors it could be so you need to read the code throwing the light to get an idea.
Or I could just tell you it's the fuel pressure sensor and it may or may not fix your light, depending how much you trust a stranger on the internet
