The duo will be hosting for an extra half an hour a day
Following the cancellation of the Jeremy Kyle show, ITV have reshuffled their daytime schedule and This Morning will now air from 10am-12.30pm, rather than the current 10.30am-12.30pm slot.
The change will come into place in January, and Holly and Phillip will earn an extra £150,000 a year each for their time.
Other changes include Good Morning Britain starting at 6.30am instead of 6am, and Lorraine starting at 9am instead of 8.30am.
Holly and Phil currently earn £600,000 a year for their This Morning hosting duties – after Holly was given a £200,000 pay rise to match Phil’s in 2017.
News of their joint pay rise comes after Phil is thought to have more than doubled his salary, from from £803,000 to £1.73million.
Along with presenting This Morning, Phil also presents Dancing On Ice alongside Holly.
On top of that, he hosts 5 Gold Rings and has a deal with supermarket chain Waitrose.
While Holly is thought to have paid herself and husband, Dan Baldwin, almost £1.7million from her TV firm last year.
Speaking about their previous pay gap, Holly previously said: ‘You know, the biggest feminist I know is Phil.
‘The first person that will be standing up screaming from the rooftops would be him, and so it was never an issue.’
She added: ‘If there was a pay gap, it wasn’t just because I was a woman, that wasn’t what it was. I think it was that Phil had been there for such a long time.’
Well, we can’t wait to watch This Morning for an extra half an hour every day!