Andrew stripped of Prince title and will move out of Royal Lodge

We can now bring you the full statement from Buckingham Palace:

His Majesty has today initiated a formal process to remove the Style, Titles and Honours of Prince Andrew.

Prince Andrew will now be known as Andrew Mountbatten Windsor. His lease on Royal Lodge has, to date, provided him with legal protection to continue in residence. Formal notice has now been served to surrender the lease and he will move to alternative private accommodation. These censures are deemed necessary, notwithstanding the fact that he continues to deny the allegations against him.

Their Majesties wish to make clear that their thoughts and utmost sympathies have been, and will remain with, the victims and survivors of any and all forms of abuse.