After Prince Harry and Meghan, the Duchess of Sussex, announced they would be stepping back from their roles as senior members of the British royal family and begin working towards financial independence, the internet coined Megxit.
The couple in an instagram post surprised the royal family as reports suggest that they did not consult any other royals about their decision.
The decision comes upon the couple’s return from a six-week family break in Canada and UK. But this is something has been building for years since Harry’s childhood who was always under public lens after the death of his mother Princess Diana.
The pair spoke about the pressure of being in the spotlight following their fairytale wedding at Windsor Castle in May 2018 and son Archie’s birth 12 months later.
The birth of their son, Archie, gave new impetus to their departure from the spotlight. In fact, Archie’s naming hinted at the move they decided not to give him an official title, presumably to allow him a right to a private life.
WHAT DO THEY MEAN BY “FINANCIALLY INDEPENDENT”?
Under the previous financing arrangements, Harry and Meghan were prohibited from earning any income in any form. Up until now, 5% of the couple’s official expenses were paid for by the Sovereign Grant . But they say they are now giving up that public funding to become “financially independent.”
The couple said they will continue to receive money from Harry’s father, Prince Charles, who funds the remaining 95% of the couple’s personal and professional expenses through his private estate, the Duchy of Cornwall.
Harry also inherited millions from Princess Diana, but it is probably not enough for the couple to live on with their current lifestyle.
So presumably Prince Harry would have to get a job if he wants to be financially independent.
Meghan has made it clear several times that she won’t enter acting again, but the doors are always open.
WHERE WILL THEY LIVE NOW?
The Duke and Duchess said on their website that they will continue to use Frogmore Cottage as their official residence so that “their family will always have a place to call home in the United Kingdom.” But that will require permission of the Queen. Her office says all the details will “take time to work through.”
WHAT HAPPENS TO THEIR TITLES?
Prince Harry and Meghan suggest on their new Sussex Royal website that they will be able to keep their titles, citing historic precedent. Princesses Beatrice and Eugenie hold titles and also have jobs even though they stepped away.
THEIR LAST NAME?
Their son, Archie, was given the last name Mountbatten-Windsor and hopefully this should continue as a surname.