Holly Willoughby ‘to receive This Morning pay rise’ – pocketing ‘£1million’ per year

Holly Willoughby is reportedly set to receive a 'huge pay rise' from This Morning, which is set to be about to net her '£1million'.

According to MailOnline, Holly, 42, is set to get a £300,000 increase on her current £700k salary, as she steers This Morning to a brighter future, with a rotating roster of presenters, including Josie Gibson.

A source told The Sun On Sunday: "Holly is at the heart of the show’s future and success and ITV execs want her to steer a steady ship out of a rocky year. It’ll be a strong start with Alison, kicking off as a dream team.

"Holly’s pay deal is up for negotiation in a few months so they are ­putting together a lucrative package that will reflect her added responsibility without Phil, and they are prepared to go up to £1million a year."

OK! has contacted ITV and Holly's reps for comment.

It comes after reports that TV legend Steve Jones is set to be the latest star to be joining the This Morning presenting team, with ITV bosses reportedly “delighted” about the new signing.

According to sources at the network, ITV bosses are “thrilled” about the new addition to the team, which comes as part of an ongoing shakeup following the departure of Phillip Schofield back in May.

There are even reports that if Steve proves a hit with fans he could become a permanent fixture to the show alongside the established presenting team of Holly Willoughby, Josie, Alison Hammond, Dermot O'Leary and Craig Doyle.

ITV's flagship daytime show has not had the best year, after it was plagued by rumours of a rift between Holly and her former co-host, Phillip Schofield.

The rumours turned out to be all but true, as, in May, Phillip announced that he was stepping down from the show that he had fronted for 21 years.

In his statement, Phillip tellingly said: "I understand that ITV has decided the current situation can’t go on, and I want to do what I can to protect the show that I love."

Just a few days later, Phillip made another bombshell statement, in which he admitted to having a longterm affair with a much younger male colleague whilst working on This Morning.

After weeks of silence, Holly tearfully addressed the situation live on This Morning, as she admitted she felt 'shaken, troubled and let down' by Phillip.

This Morning has managed to come out on top, with Holly still fronting the show, alongside a host of different presenters, including Josie Gibson, Alison Hammond and Dermot O'Leary.

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