Level of interest shown by Spooner's hare at the dog track? (4,4)
I believe the answer is:
base rate
'level of interest' is the definition.
(I've seen this before)
'spooner's hare at the dog track?' is the wordplay.
I cannot really understand how this works, but
'at' is present in the answer.
This explanation may well be incorrect...
'shown by' acts as a link.
Can you help me to learn more?
(Other definitions for base rate that I've seen before include "Interest charged by the Bank of England to commercial banks" , "Bank of England lending index" , "official interest" , "Interest level set by the Bank of England" .)
