Her Majesty the Queen has just announced that Prince Harry and Meghan Markle will walk away from royal life completely.
In a statement the monarch outlined details of the agreement reached for the Duke and Duchess of Sussex to farewell royal life and become totally independent.
Harry and Meghan will no longer use their HRH status and will no longer represent the Queen under the terms of this historic agreement.
They will continue to support their private patronages and have requested to repay the £2.4 million of taxpayers' money spent on renovating Frogmore Cottage, which will stay as their home with baby Archie when they are in the UK.
In her statement, the Queen said: "Following many months of conversations and more recent discussions, I am pleased that together we have found a constructive and supportive way forward for my grandson and his family.
"Harry, Meghan and Archie will always be much loved members of my family. I recognise the challenges they have experienced as a result of intense scrutiny over the last two years and support their wish for a more independent life.
"I want to thank them for all their dedicated work across this country, the Commonwealth and beyond, and am particularly proud of how Meghan has so quickly become one of the family. It is my whole family’s hope that today’s agreement allows them to start building a happy and peaceful new life."
Buckingham Palace also issued the following statement from the Sussexes: "The Duke and Duchess of Sussex are grateful to Her Majesty and the Royal Family for their ongoing support as they embark on the next chapter of their lives.
"As agreed in this new arrangement, they understand that they are required to step back from Royal duties, including official military appointments. They will no longer receive public funds for Royal duties.
"With The Queen’s blessing, the Sussexes will continue to maintain their private patronages and associations. While they can no longer formally represent The Queen, the Sussexes have made clear that everything they do will continue to uphold the values of Her Majesty."
The statement continued: "The Sussexes will not use their HRH titles as they are no longer working members of the Royal Family. The Duke and Duchess of Sussex have shared their wish to repay Sovereign Grant expenditure for the refurbishment of Frogmore Cottage, which will remain their UK family home.
"Buckingham Palace does not comment on the details of security arrangements. There are well established independent processes to determine the need for publicly funded security. This new model will take effect in the Spring of 2020."
Insiders believe the royal couple will now pay rent to stay in Frogmore Cottage.
Following the momentous decision, Harry and Meghan will stay as the Duke and Duchess of Sussex but will be called Harry, Duke of Sussex, and Meghan, Duchess of Sussex.
Sadly, Harry will step down as Captain-General of the Royal Marines, Honorary Air Commandant at RAF Honington and Commodore-in-Chief, Small Ships and Diving.
He and Meghan will, however, keep any private roles they have and will stay on as the President and Vice President of The Queen’s Commonwealth Trust.
There will, however, be a “period of transition” before all this comes into effect.
Just after the Queen released her statement, Harry and Meghan took to their new website to issue the following update: "In line with the statement by Her Majesty The Queen, information on the roles and work of The Duke and Duchess of Sussex will be updated on this website in due course. We appreciate your patience and invite you to explore the site to see the current works of Their Royal Highnesses."
Prince Harry and Meghan shocked the world last week when they announced they're stepping back as senior royals after spending six weeks in Canada away from the royals trying to decide upon their furture.