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We’d rather punch ourselves in the face than give any money to News Corporation, but UK-based iPad fans wanting to read what Rupert Murdoch has described as his “No. 1 most exciting project,” can now buy a subscription to The Daily electronic newspaper.

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Rupert Murdoch may be rubbing his hands at the prospect of raking in even more cash from charging people to read his websites, but new research by Harris Interactive reveals that barely anyone will be prepared to pay up.

The research found that three quarters of readers would immediately switch to an alternative free news source if charges were introduced, with just 5% of those readers prepared to fork out to keep on accessing the site.

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