Britain's exit from the European Union, or Brexit, is the hottest topic of debate in the UK, but smartphone enthusiasts in the country have another reason to be pleased as the cost of Microsoft Lumia 550 has dropped to below £50.

British mobile phone retailer Carphone Warehouse is selling the Lumia 550 for £39.99 on pay as you go. Customers will have to buy a top-up of £10 along with the handset. For £49.99, customers get a white or a black Lumia 550 bundled with 500 MB of 4G data, 150 minutes of talk time and unlimited texts.

The Lumia 550 was launched in October 2015 and released in some markets in December 2015. At launch, the Lumia 550 was the most affordable Windows 10 device available in the market.

The Lumia 550 sports a 4.7-inch HD display with a resolution of 1,280 x 720 pixels and 315 ppi. The handset includes a quad-core Qualcomm Snapdragon 210 processor clocked at 1.1 GHz with 1 GB of RAM.

The Lumia offering is equipped with a 5-megapixel rear-facing camera (f/2.4 lens), which is also capable of 720p video recording, while its front-facing selfie shooter has a 2-megapixel sensor (f/2.8 lens).

The smartphone comes with only 8 GB of internal storage, but it can be expanded to up to 256 GB with a microSD card.

The Lumia device has a 2,100 mAh replaceable battery, which can offer standby time of up to 28 days. Lumia 550 owners can get up to 14 hours of talk time on 3G and up to 17 hours on 4G.

The Lumia 550 measures 5.36 x 2.67 x 0.39 inches, or 136.1 x 67.8 x 9.9 millimeters. The handset weighs 5.01 ounces or 142 grams. Being a Microsoft phone, the Lumia 550 comes pre-loaded with several Office apps.

"Word, Excel, and PowerPoint have been optimized for mobile use. They function beautifully on a phone, and with rich editing tools built in, the new Outlook Mail app makes managing email on the go effortless," says Microsoft.

"Free OneDrive storage helps keep your documents safe in the cloud and gives you the freedom to access and edit them on your phone," Microsoft adds.

The Lumia 550 also includes Microsoft's digital personal assistant Cortana, which can help users perform various tasks such as checking the weather forecast, traffic information and more.

The Lumia 550 is probably one of the most impressive pocket-friendly Windows 10 phone available in the market. At £49.99 many customers may want to purchase the Microsoft mobile phone.

The latest discount on the Lumia 550 also makes it a great choice for iOS and Android handset owners to try out Microsoft's mobile operating system.

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