4.5% enrichment is about the limit of what you see in commercial nukes.
http://www.nrc.gov/reactors/operating/licensing/techspecs/techspecs-pdf/wog-specs.pdf pages 350-352 have some discussion of max enrichment for "standard tech specs for Westinghouse PWR's".
Based on my experience with Westinghouse PWR's, getting 4.25% - 4.40% enrichment allows extended life cycles for the core (18-24 months). I know of no commercial applications for >5% enrichment.
Rather than pontificating on those matters where I have no expertise, I dug up some info on Britain's reprocessing. Link and excerpt follow:
http://www-pub.iaea.org/MTCD/publications/PDF/cnpp2003/CNPP_Webpage/countryprofiles/UnitedKingdom/UnitedKingdom2003.htm2.5 Fuel Cycle and Waste Management 1
Apart from raw uranium mining, the UK has an independent nuclear fuel cycle capability. The full range of the nuclear fuel cycle services - from fuel enrichment and manufacture through to spent fuel reprocessing, transport, waste management and decommissioning - are provided to the UK and international markets by British Nuclear Fuels plc (BNFL), which is wholly owned by the Government.
The Government announced in July 1999 that they are looking to introduce a Private Public Partnership into BNFL, subject to progress towards achieving a range of safety, health, environmental and business performance targets, and further work by DTI and its advisers.
Part of the Government's 1995 review into the future prospects of nuclear power in the United Kingdom confirmed that BNFL would continue to offer customers the full range of nuclear fuel cycle services and restated the Government's continuing support for the company in developing its overseas markets.
Fuel enrichment in the UK is carried out at Capenhurst near Chester by Urenco Capenhurst Limited, a wholly owned subsidiary of Urenco Ltd., the holding company for the Urenco Group. The Urenco Group is the joint Anglo-Dutch-German organization which operates uranium enrichment plants in all three countries using centrifuge technology.
Uranium refining and conversion are carried out at BNFL's Springfields site which processes several tonnes of uranium each year for UK and overseas customers. Springfields has the expertise to manufacture fuel for all major reactor designs world-wide and a new, integrated fuels complex was officially opened in July 1996.
Spent fuel from the UK's Magnox and AGRs and overseas light water reactors is reprocessed at BNFL's Sellafield site. The company's Thermal Oxide Reprocessing Plant (THORP) began operations in March 1994 and has so far sheared and dissolved more than 2000 tonnes of spent fuel. It is expected that some 7,000 tonnes of spent nuclear fuel will be reprocessed in its first ten years of operation.