Prince Philip will retire from all royal duties the palace announced via official press release, following an eleventh hour emergency meeting which sent the internet into a spin this afternoon.
"He will no longer carry out public engagements from the autumn of this year. In taking this decision, The Duke has the full support of The Queen." Elisabeth II will continue to serve as her country for "as long as she lives."
Moreover, The Duke of Edinburgh is Patron, President or a member of over 780 organisations, with which he will continue to be associated.
As the internet went into overdrive with speculation about the health of Prince Philip, the palace has moved to quash rumours that the Queen's husband has passed away.
The BBC confirms that, "There'll be a staff meeting at Buckingham Palace this morning. It's not to do with the health of either the Queen or Prince Philip."
According to a report published by the New Zealand Herald, a palace press officer has told the newspaper that the Prince is alive and well.
'You could safely assume the Queen and Prince Philip are not dead,' the palace rep was quoted as saying by the newspaper.
A well-placed royal source tells People that there is “no cause for alarm” following rampant speculation about Queen Elizabeth and husband Prince Philip.
As reported by New Idea, the speculation followed news that the Queen’s entire household has been called to an emergency meeting today, amidst talk that a “historic announcement” will be made regarding the monarch’s husband Prince Philip.
According to reports, servants from royal residences across the UK have been ordered to London and are expected to be addressed by the Lord Chamberlain, and Her Majesty’s right-hand man, Private Secretary Sir Christopher Geidt.