It’d certainly a sign that the recession is biting when even top celebrities have to take a pay cut.
Myleene Klass been the recent victim of the economic downturn, as her Marks and Spencer modeling contract has been slashed from £1 million to £750,000.
It comes just four months after the retailer made 1,230 staff redundant as it battles the effects of the credit crunch.
Twiggy has also kept her job appearing in the company's commercials, and will soon feature in adverts celebrating Marks & Spencer's 125th anniversary.
However, other high-profile models were not so lucky.
There are no plans for Elizabeth Jagger, Noemie Lenoir, Erin O'Connor or Lily Cole to resume their roles in adverts - at least for the time being.
A source close to Miss Klass said: "She is absolutely fine with the pay cut because, like the rest of the country, she accepts that everyone gets less money.
"It is a great endorsement that she has signed up. The days of million-pound deals are out of the window."
A spokesman for the retailer said: "Myleene has re-signed and we will still be working with Twiggy, who will be in adverts celebrating M&S's 125th birthday.
"As far as the other models go, we have an ongoing relationship with them but they have not currently been signed up for anything definite.
"We still hope to carry on working with them but there is nothing specific planned at the moment."
