Race Result
| GP n. 623 - 12/07/1998 - Grand Prix of Great-Britain Silverstone Circuits Ltd. |
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| Winner: | Michael Schumacher / Ferrari - 1:47'02.450 | ||||||
| Pole Position: | Mika Hakkinen / McLaren-Mercedes - 1:23.271 | ||||||
| Fastest Lap: | Michael Schumacher / Ferrari - 1:35.704 | ||||||
| Pos | Nš | Driver | Constructor | Laps | Time/Retired | Grid | Points |
| 1 | 3 |  Michael Schumacher |
Ferrari | 60 | 1:47'02.450 | 2 | 10 |
| 2 | 8 |  Mika Hakkinen |
McLaren-Mercedes | 60 | +22.465 | 1 | 6 |
| 3 | 4 |  Eddie Irvine |
Ferrari | 60 | +29.199 | 5 | 4 |
| 4 | 6 |  Alexander Wurz |
Benetton-Playlife | 59 | +1 lap | 11 | 3 |
| 5 | 5 |  Giancarlo Fisichella |
Benetton-Playlife | 59 | +1 lap | 10 | 2 |
| 6 | 10 | Ralf Schumacher |
Jordan-Mugen-Honda | 59 | +1 lap | 21 | 1 |
| 7 | 1 |  Jacques Villeneuve |
Williams-Mecachrome | 59 | +1 lap | 3 | 0 |
| 8 | 22 |  Shinji Nakano |
Minardi-Ford | 58 | +2 laps | 19 | 0 |
| 9 | 21 | Toranosuke Takagi |
Tyrrell-Ford | 56 | +4 laps | 17 | 0 |
| Ret | 14 |  Jean Alesi |
Sauber-Petronas | 53 | electrical | 8 | 0 |
| Ret | 16 |  Pedro Diniz |
Arrows | 45 | spun off | 12 | 0 |
| Ret | 11 | Olivier Panis |
Prost-Peugeot | 40 | spun off | 22 | 0 |
| Ret | 18 | Rubens Barrichello |
Stewart-Ford | 39 | spun off | 16 | 0 |
| Ret | 19 |  Jos Verstappen |
Stewart-Ford | 38 | engine | 15 | 0 |
| Ret | 7 | David Coulthard |
McLaren-Mercedes | 37 | spun off | 4 | 0 |
| Ret | 12 | Jarno Trulli |
Prost-Peugeot | 37 | spun off | 14 | 0 |
| Ret | 23 |  Esteban Tuero |
Minardi-Ford | 29 | spun off | 18 | 0 |
| Ret | 20 | Ricardo Rosset |
Tyrrell-Ford | 29 | spun off | 20 | 0 |
| Ret | 17 | Mika Salo |
Arrows | 27 | throttle | 13 | 0 |
| Ret | 15 | Johnny Herbert |
Sauber-Petronas | 27 | spun off | 9 | 0 |
| Ret | 2 | Heinz-Harald Frentzen |
Williams-Mecachrome | 15 | spun off | 6 | 0 |
| Ret | 9 | Damon Hill |
Jordan-Mugen-Honda | 13 | spun off | 7 | 0 |