Talent management is a relationship based entirely on trust.

As a result, on Thursday we agreed to part company with Phillip, with immediate effect.

Schofield said that he understood ITV had decided that the current situation [could] not go on.

Phillip Schofield

Phillip SchofieldGetty

That relationship was unwise, but not illegal.

It is now over.

Schofield was still married to his wife Stephanie Lowe at the time of the affair.

WGA West building in Hollywood

The presenter opened up about being gay in 2020, but remained married to Lowe.

I did have a consensual on-off relationship with a younger male colleague at This Morning.

That relationship was unwise, but not illegal.

It is now over.

When I chose to come out I did so entirely for my own wellbeing.

Nobody forced me out.

In an effort to protect my ex-colleague I havent been truthful about the relationship.

I am so very, very sorry, as I am for having been unfaithful to my wife.

I will reflect on my very bad judgement in both participating in the relationship and then lying about it.

I ask the media now to respect their privacy.

They have done nothing wrong, and I ask that their privacy should be respected.