Formula One approved a small increase to its $140 million per team annual budget cap on Friday to help with the burden of inflation and rising energy and freight bills. read more »

Today's meeting of the F1 Commission sees the FIA's action on porpoising delayed until after the summer break, while the teams finally agree to budget cap increase. read more »

A meeting of the F1 Commission has resulted in a decision being made regarding calls for the budget cap to be increased in light of inflation. With Formula 1’s financial... read more »

F1 introduced its first set of financial regulations for the 2021 season, setting an initial budget cap for the year of $145 million per team. This dropped to $140m for 2022,... read more »

F1's 10 teams have been given a small reprieve on this year's budget cap following soaring costs that have placed them under pressure to hit the $140million target. read more »

The F1 Commission will meet on Friday to discuss growing demands from certain teams for the budget cap to be increased. read more »

McLaren's Zak Brown is clear in his view that the budget cap will not force any teams to miss races in 2022. read more »

Fernando Alonso believes the budget cap has changed how teams upgrade their cars. read more »

Christian Horner says wanting the budget cap changed and wanting new rules to help eradicate porpoising are not the same argument. read more »

Amid ongoing debate among grand prix racing's chiefs about how best to address problems triggered by rising inflation and the cost of living crisis, teams are reluctant to... read more »

Amid a dramatic rise in inflation and a cost of living crisis, a number of squads are struggling to stay below the $140 million budget cap limit sent for this year.Some... read more »

Christian Horner has been the most vocal critic of the spending cap. read more »

Red Bull team principal Christian Horner has expressed concern at the ambiguity of the F1 budget cap rules that leaves teams in no man's land should a breach occur. read more »

Development and the budget cap will most likely decide the title fight as opposed to reliability, says Toto Wolff. read more »

McLaren team principal Andreas Seidl has indicated the latest round of talks regarding F1's budget cap crisis will take place during the Austrian Grand Prix weekend. read more »

Christian Horner has warned of the potential for issues regarding the F1 budget cap to become "catastrophic". read more »

Red Bull team principal Christian Horner has called on F1 to tackle the "moral issue" surrounding the sport's budget cap crisis. read more »

McLaren don't want F1 to drop the budget cap, but a bit of leeway would be nice. read more »

McLaren team principal Andreas Seidl is "very confident" the FIA will prevent the small teams from opportunistically blocking an increase to the budget cap. read more »

Speaking in Baku, McLaren's Andreas Seidl had admitted that he expects his team to exceed this year's $140m budget cap. read more »

Reigning Formula One world champion Max Verstappen has slammed the idea of including driver salaries in the sport's budget cap. read more »

Ex-F1 driver turned pundit Johnny Herbert does not want to see the budget cap raised under mounting pressure. read more »

Williams has become the first F1 team to be caught out by the budget cap rules. read more »

Williams has been fined for a procedural breach of Formula 1's financial regulations. It is the first team to have been sanctioned since financial regulations were... read more »

Williams have entered into an 'Accepted Breach Agreement' with the FIA, after the team broke the financial regulations applied for the 2021 season. read more »