Despite Mercedes set to be one of the hardest hit teams, Valtteri Bottas has backed the plan to introduce a budget cap in 2021. read more »

Formula 1 is in desperate need of a budget cap with Ross Brawn saying the sport will "crash and burn" unless someone pulls the teams into line. read more »

Haas principal Guenther Steiner thinks the budget cap coming from 2021 may reduce performance gaps in F1, but not eliminate them. read more »

Red Bull chief Christian Horner is predicting a "really expensive" 2020 before F1's budget cap is fully imposed a year later.  read more »

If you were among the millions of fans frustrated by the delay in confirming Max Verstappen as winner of the Austrian Grand Prix, things could be about to get a whole lot worse. read more »

McLaren boss Andreas Seidl sees the new budget cap as the only way F1 can provide equal competition read more »

McLaren's Zak Brown believes that driver salaries should have been included in the budget cap being introduced in 2021. read more »

Zak Brown would have liked to see drivers' salaries include in the 2021 budget cap as that would force team to weigh up the car versus the driver. read more »

Christian Horner says Red Bull has already started to make plans for its 2021 car, with costs across Formula 1 set to soar in 2020 as teams look to hit the ground running under... read more »

Jacques Villeneuve has dismissed Formula 1's impending budget cap as "pure socialism" and says his former employers Williams are not worthy of the potential... read more »

Due to the £1.4bn in exemptions to the proposed budget cap from 2021, the unlimited areas of spending will actually exceed the limited areas. read more »

Ex-F1 driver Jacques Villeneuve believes the budget cap coming into the sport from 2021 gives teams like Williams an advantage they don't deserve. read more »

Ferrari CEO Louis Camilleri has called for engine costs to be included in Formula 1s budget cap, which is due to be introduced into the sport from 2021 and beyond. read more »

It has been predicted that Formula 1 drivers may end up being paid even more than they are currently as a result of Liberty Media enforcing a budget cap on teams. read more »

McLaren and Williams fear that the resources of the bigger teams mean that the benefits of the 2021 budget cap will not be felt until 2022 at the earliest. read more »

Ross Brawn has warned that teams that attempt to cheat the budget cap being introduced in 2021 will face draconian punishment. read more »

Breaking the F1 financial regulations could result in losing a championship, Ross Brawn has warned. read more »

Ahead of the announcement of the 2021 regulations, F1 boss, Chase Carey is confident that the proposed budget cap will not lead to a spending war in 2020 as the teams prepare... read more »

F1 boss, Chase Carey insists that levelling the playing field, by means of a budget cap and regulations, takes priority over encouraging new teams to the grid. read more »

Toto Wolff and Christian Horner have explained that, with the Formula 1 budget cap set to be introduced in 2021, both Mercedes and Red Bull will use the year in between now and... read more »

Mercedes's and Red Bull's team principals have warned that the upcoming 2020 season is about to be the most expensive in the history of Formula One, ahead of the... read more »

Guenther Steiner says Haas need to put on their "thinking hats" to try and figure out how they will budget the 2020 campaign after likely suffering a significant... read more »

Set to lose millions as a result of a disappointing 2019 season, Guenther Steiner says he will need his "thinking hat" to balance Haas' budget for next season. read more »

Guenther Steiner has joked that Haas' budget is so small compared to other teams that he can't even pay for Netflix to watch himself on 'Drive to Survive'. read more »

Haas team principal Guenther Steiner believes that engine standardisation would be "difficult" to implement in Formula 1, and that teams should be allowed to spend... read more »