Trade

India has achieved a watershed moment in global manufacturing, overtaking China as the leading exporter of smartphones to the United States in the second quarter of 2025. According to data from research firm Canalys, devices assembled in India comprised an impressive 44% of all U.S. smartphone imports for the quarter, a monumental leap from just 13% during the same period last year.

Five years ago, on 31 January 2020, the UK officially left the European Union, marking the end of a 47-year relationship. While the political ties were severed immediately, the UK remained in the EU single market and customs union for another 11 months to ease the transition. Since then, Brexit has had far-reaching effects on the UK’s economy, immigration, travel, laws, and finances. Let’s take a closer look at five key impacts of Brexit, five years on.