The Bank of England has never had a lower base rate of interest. Not once, in over 300 years, has the Bank offered money more cheaply. For an institution that predates the birth of Voltaire, the Bank’s decision to shave another 1 percent off base rates is historic. The last time interest rates were this low, Winston Churchill was still prime minister. What does this mean for you? That depends on who you are. If you have a tracker mortgage (that moves with the BoE’s base rate), then you’ll have more money in your paycheck at the end of the month. You’ll get additional breathing space to go with that being prepared by the government should things turn out poorly. (That said, many tracker…