Davina McCall and other Channel 4 presenters are rumoured to be facing a large pay cut.

The cash strapped channel is said to be aiming to cut 30% off it’s wage bill this year and bosses Andy Duncan and Kevin Lygo yesterday took the unprecedented step of cutting their own salaries.

Chief executive Duncan currently earns up to £895,000 but will take home less than £600,000 this year.

Kevin Lygo who is Director of TV and content, will see his salary drop from £772,000 to £575,000.