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Published 12:00 13 Jan 2020 GMT
Updated 12:16 13 Jan 2020 GMT
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“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," they said.
"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 believed that The Queen was not aware of the announcement before it was issued.
Buckingham Palace have said that discussions with the Duke and Duchess are "at an early stage."
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