Britain's Queen Elizabeth agreed to give up her grandson, Prince Harry and his wife, Meghan, their royal duties to lead a more independent life, after crisis talks involving the most prominent members of the royal family.

"My family and I fully support Harry and Meghan's desire to start a new life as a young family," the Queen, 93, said in a statement.

"Although we would have preferred that they remain active members of the royal family all the time, we respect and understand their desire to lead a more independent life as a family while remaining part of it and its dignity in my family."

The Queen explained that there will be a transitional period during which the couple spends time between Britain and Canada, noting that there is a need to do more work on finalizing future arrangements for the couple.