LONDON — Prince Harry and his wife, Meghan, say they plan “to step back” as senior members of Britain's royal family, a stunning announcement that underscores the couple's wish to forge a new path for royals in the modern world.

A statement issued Wednesday evening by Buckingham Palace, described as “a personal message from the Duke and Duchess of Sussex,” said Harry and Meghan intend to become financially independent” and to “balance” their time between the U.K. and North America.

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