PRINCE Harry and Meghan will stop using their HRH titles, Buckingham Palace has revealed.

They will also stop formally representing The Queen and receiving public funds for royal duties. 

The arrangements will come into effect this Spring.

The Queen said in a statement: "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."

A statement from Buckingham Palace added: "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 Sussexes will not use their HRH titles as they are no longer working members of the Royal Family."

The statement also revealed Harry and Meghan intend to repay £2.4m of taxpayers' money for the refurbishment of Frogmore Cottage, which will remain their family home in the UK.

The news comes the week after Harry and Meghan announced they had decided to “step back” as senior members of the royal family and divide their time between the UK and North America.

The decision came in a statement where the couple said they would work to become financially independent while continuing to “fully support” the Queen.

At the time, the couple said in their statement: “After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution.

“We intend to step back as ‘senior’ members of the royal family and work to become financially independent, while continuing to fully support Her Majesty the Queen.

“It is with your encouragement, particularly over the last few years, that we feel prepared to make this adjustment.

“We now plan to balance our time between the United Kingdom and North America, continuing to honour our duty to the Queen, the Commonwealth, and our patronages.

“This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity.”