Sue Perkins and Mel Giedroyc have announced they will step down from The Great British Bake Off when it moves to Channel 4…

More shocking news from The Great British Bake Off Camp: Sue Perkins and Mel Giedroyc have revealed they will quit the show when it moves to Channel 4.

The presenters,  who’ve gained legions of fans as the hosts of the hit programme made the announcement today, saying in a statement: ‘We were very shocked and saddened to learn yesterday evening that Bake Off will be moving from its home.

‘We made no secret of our desire for the show to remain where it was.’

The news comes just 24 hours after it was revealed the show will be leaving the BBC for Channel 4. Love Productions – the creators of GBBO – admitted they had been ‘unable to reach agreement on terms to renew the commission of The Great British Bake Off.’

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In an email Love Productions told their staff:  ‘We are writing to let you all know that, with deep regret, after more than a year of exhaustive negotiations we have been unable to reach an agreement with the BBC for the renewal of The Great British Bake Off.’

The company continued to say how ‘saddened’ they were by the news, adding: ‘As recently as June we were convinced that was what would happen. This has never been about who might write the biggest cheque, but about where we can find the best home for Bake Off.’

The BBC later released a statement, telling their followers: ‘Working with Love Productions, we have grown and nurtured the programme over seven series and created the huge hit it is today. We made a very strong offer to keep the show but we are a considerable distance apart on money. The BBC’s resources are not infinite.’

They finished by saying: ‘GBBO is a quintessential BBC programme. We hope Love Productions change their mind so that Bake Off can stay ad free.’

Just minutes after this was released, Channel 4 confirmed they had reached an agreement and that they had signed a three year deal with the show.