Announcement by Prince Harry and Meghan in January 2020

On 8 January 2020, Meghan, Duchess of Sussex, and Prince Harry, Duke of Sussex, announced on Instagram their decision to "step back as 'senior' members" of the British royal family, splitting their time between the United Kingdom and North America, and to become financially independent. The event was dubbed Megxit and the term became adopted globally on social and news media, spawning various internet memes and "Megxit" merchandising. The New York Times recorded: "'Megxit' Is the New Brexit in a Britain Split by Age and Politics".

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