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Credit crunch under the spotlight in new special edition of Rising East

Wednesday 18 June 2008

The potential impact of the credit crunch on east London and the Thames Gateway comes under the spotlight in the latest edition of Rising East, the online journal of the London East Research Institute at the University of East London (UEL).

Rising East combines analysis and scholarly work with reportage, comment and reviews. The e-zine focuses on issues relevant to the regeneration of east London, with previous editions exploring sustainability, multiculturalism and the implications of the Olympics.

Key contributions to the new Crunch Issue include Professor Gavin Poynter’s analysis of the role of credit in London’s economy, Michael Savage’s exploration of boom and bust in house prices, and Professor Andrew Blake's comparison of the workings of credit with the magic of Harry Potter.

Based at the University of East London, the London East Research Institute (LERI) provides a regional network for research and consultancy on issues of urban regeneration.

Professor Gavin Poynter, Chair of the Institute, said: “London’s economy has out-performed other UK regions over recent years, but is unfortunately reliant upon precisely those activities that are most likely to experience the direct consequences of the current credit squeeze.

“The city’s economy is, therefore, highly vulnerable to the adverse economic and social consequences of the  crunch. This special edition of Rising East offers key insights into both the causes and potential impact of the crunch on our region.”

To view the new Crunch Issue and previous editions of Rising East, visit www.risingeast.org.

For details and pictures contact Daniel Cherry: 020 8223 2194

University of East London: London 2012 Olympic and Paralympic Games Office

Notes to Editors

The University of East London (UEL) is a global learning community with over 28,000 students from over 120 countries world-wide. Our vision is to achieve recognition, both nationally and internationally, as a successful and inclusive regional university proud of its diversity, committed to new modes of learning which focus on students and enhance their employability, and renowned for our contribution to social, cultural and economic development, especially through our research and scholarship. We have a strong track-record in widening participation and working with industry.

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