Tihs happened to my 1.4l LX escort.  The lambda sensor in the exhaust downpipe was faulty on mine. You are correct in thinking that you are flooding the engine at full throttle.
Other problems to consider are Throttle Position Sendor and Idle control valve - im not sure how the GTi controls idle but i guess it is a similar principle to the CVH.
                
 Tai
                
 May 2006