The Sun newspaper reckons that the bosses of ITV show This Morning have offered Holly Willoughby the job of co-hosting This Morning when Fern Britton leaves later this month.

However, according to the paper, if Holly accepts, she’ll only get paid around half of the salary Fern received which equates to about £400,000 a year.

A This Morning insider told the paper, “ITV are seeing the change-over of presenters as a way of saving cash.

“Phil is on £750,000 but they can’t trim his wages as he is locked into a two year-deal.

“Also, taking the job would be a big step up for Holly, so £400,000 seems about right.”

And apparently the source added that the show’s producers are also “trying to save cash” in order to pay for the show’s guest experts such as Dr Chris Steele and Denise Robertson.

The paper also reports that if Holly doesn’t take up the job offer, ITV may appoint Davina McCall, Fiona Phillips or Coleen Nolan to take Fern’s place.