Prince Harry and Meghan Markle are going to be dividing their time between the USA and the UK

Here's what we know so far...

Prince Harry and Meghan Markle made news today as they announced that they were planning on stepping down from their roles as 'senior' members of the royal family, hoping to become financially independent.

It was the news that they would be spending their time between USA and the UK that got people talking the most however, as they announced that they would be dividing their time across two continents.

'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,' the statement read. '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'

The statement continued: 'It is with your encouragement, particularly over the last few years, that we feel prepared to make this adjustment. We now plan to balance our time between the United Kingdom and North America, continuing to honour our duty to The Queen, the Commonwealth, and our patronages.'

Speaking of the move, they continued: 'This geographic balance will enable us to raise our son with an appreciation for the royal tradition into which he was born, while also providing our family with the space to focus on the next chapter, including the launch of our new charitable entity.

'We look forward to sharing the full details of this exciting next step in due course, as we continue to collaborate with Her Majesty The Queen, The Prince of Wales, The Duke of Cambridge and all relevant parties. Until then, please accept our deepest thanks for your continued support.'

Well, that's that.