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| Date | Sunday 10 July 1988 |
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| Start time | 14:00 |
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| Event | British GP |
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| Circuit | Silverstone |
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| Event Format | Race of 65 laps |
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| Race | 8 of 16 |
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| Championship race | 460 |
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| Laps | 65 |
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| Circuit Perimeter | 4778 m |
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| Race Distance | 4778 × 65 = 310.570 km |
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| Grid Format | 2-2-2-2 (staggered) |
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| Pole Position | Right |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Overcast, Cold, Rain |
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| Entries | 31 |
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| Qualifiers | 26 |
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| Finishers | 19 |
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| Championship Debutants | None |
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| Milestones | Agip - 50th Pole Position (Lubricant Manufacturer)
Alex Caffi - 25th Race Entry (Driver)
Ayrton Senna - 10th Win (Driver)
Canon Williams Team - 1st Fastest Lap (Entrant)
Coloni - 10th Race Entry (Car Manufacturer)
Judd - 1st Fastest Lap (Engine Manufacturer)
Nicola Larini - 10th Race Entry (Driver)
Nigel Mansell - 10th Fastest Lap (Driver)
Pierluigi Martini - 20th Race Entry (Driver)
Scuderia Ferrari SpA SEFAC - 75th Pole Position (Entrant)
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| Records Broken |
1. Most Consecutive 15th Place Finishes – Pierluigi Martini (2),
2. Most 7th Fastest Laps – Riccardo Patrese (9)
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| Records Extended |
1. Most 5th Place Finishes – Lotus (58),
2. Most 10th Place Finishes – Lotus (34),
3. Most 18th Fastest Laps – Tyrrell (26),
4. Most Races Led – Ferrari (235),
5. Most Laps Led – Ferrari (6514),
6. Most Race Entries – Lotus (1124),
7. Most 2nd Place Qualifications – Ferrari (105),
8. Most 26th Place Qualifications – Osella (27)
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