The London Eye and the Houses of Parliament are lit at night in London. (Photographer: Chris Ratcliffe/Bloomberg News)

BOE Nears `Tipping Point' as Inflation Climbs to 5 1/2 Year High

(Bloomberg) -- U.K. inflation reached 3 percent for the first time in more than five years in September, taking the economy closer to what one Bank of England official described as a “tipping point...

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