The Daily Mirror today reckons that GMTV presenter, Kate Garraway, has said she’s considering leaving the show in the wake of salary cuts across ITV.

Some sources suggest that Kate’s pay – which is currently around £280,00 per year – could be slashed by £70,000.

It’s also reported that co-host Andrew Castle has had his pay cut by 20% with Ben Shephard, Penny Smith and Lorraine Kelly enduring similar salary cuts.

The presenters have also apparently been told that their paid holiday leave will be cut by up to 50%.

A source said to be close to Kate told the paper, “The deal was a shocker” and added, “Kate’s agent is prepared to pull her from GMTV if they continue along these lines as the station is still hugely profitable and they’re just using the credit crunch as an excuse…

“GMTV is one of the only bits of ITV that still pulls in cash.”

A representative of GMTV refused to discuss the rumours about Kate threatening to walk and said, “We do not discuss presenters’ contracts.”

And it’s not only GMTV staff who are facing pay cuts and stars such as Jonathan Ross, Simon Cowell and TV duo Ant and Dec are also subject to reductions in their salaries.