The base would be at 45 degrees from the downwind leaving a 135 degree turn to final.
The 45/135 degree base/final turn is just a formalization of the old RAF constant aspect approach effectively allowing one to turn in early at any point along the way.
The problem with it being is fitting more aircraft into the circuit and different types' gliding/speed characteristics.
Strange that the safest, most environmetally friendly and reliable way to get down morphed into cross country circuits.