Megxit

thumb|Meghan Markle and Prince Harry on Christmas Day, 2017 On 8 January 2020, Prince Harry, Duke of Sussex, and Meghan, Duchess of Sussex, announced on Instagram their decision to "step back as 'senior' members" of the British royal family, split their time between the United Kingdom and North America, become financially independent, and only represent the monarchy on a reduced basis. The decision was dubbed Megxit, a portmanteau of the words "Meghan" and "exit" and a play on the term Brexit. The term was adopted globally on mainstream and social media, spawning various Internet memes and "Megxit" merchandising.

The announcement of their decision led to a meeting of the royal family on 13 January, dubbed the "Sandringham Summit" and described as "unprecedented". Queen Elizabeth II issued a rare personal statement on her family, and was praised for her rapid handling of the matter. On 18 January, an agreement was announced whereby the couple, while still valued members, would "no longer be working members of Britain's royal family", and would not use their "Royal Highness" styles.