Prince Harry has finally addressed him and his wife's exit from the Royal Family, which has been coined "Megxit" by the British media.

According to Harry, he and Meghan Markle were simply left with no choice but to walk away.

"The decision that I have made for my wife and I to step back, is not one I made lightly. It was so many months of talks after so many years of challenges," Harry said at a charity event in London.

"And I know I haven't always gotten it right, but as far as this goes, there really was no other option," he said. Walking away means that Harry and Meghan will forfeit their royal titles, but the Brit says that he sees parallels between the fate of his late mother and Meghan.

"When I lost my mum 23 years ago, you took me under your wing," he told the audience. Princess Diana died in 1997 after a car she was involved in a car crash while being chased by paparazzi.

"You've looked out for me for so long, but the media is a powerful force, and my hope is one day our collective support for each other can be more powerful because this is so much bigger than just us."