10 per cent hike sees FT rise to £2.20

The Financial Times has increased its weekday price by 10 per cent to £2.20, making it now £1 more expensive than next costly daily.

The move comes a month after The Guardian increased its price by 20p to £1.20 a day and at a time when newspapers are feeling the squeeze from a tightening advertising market and the risin cost of paper.. The Times, Independent and Telegraph meanwhile cost £1 a day.

Global print sales of the FT dropped 11.7 per cent year on year to an average of 334,583 a day in August. Paid-for sales in the UK fell 8.8 per cent year on year to 73,168.

A Financial Times spokesman said: “This price increase reflects our growing distribution and production cost levels and the continued investment made in the quality of our award winning editorial content. The FT has a global network of almost 600 journalists in 53 countries, some of the world’s best columnists, including Martin Wolf, Simon Schama and Gillian Tett – and continues to innovate with the launch of new initiatives, including BeyondBrics, Luxury 360 and The A-List.”

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