Unless you know the full provenance of the instllation, it's dangerous to assume that all the old life-expired wiring has been disconnected (and not reconnected). People do make incremental upgrades/modifications to installations and there are even some people who attempt to deliberately hide dodgy electrics.Backed up by pictures of your fuseboard in the other thread.... https://www.diynot.com/diy/threads/fuse-board-question-with-pics.567166/
I'd say that very much looks like an old point probably original to the house that was cut off when it was re-wired in the 90s
The OP said a volt stick indicated the wiring was live, and while volt sticks are not particularly reliable the wiring needs to be treated as live until proven otherwise.
Any old rubber wiring that is still in service should be replaced as soon as possible and unless absolutely unavoidable it should not be touched in the meantime. Old rubber can harden with age and then crack when manipulated.