Signed as a reserve driver for Haas, Louis Deletraz says he has to put in a good showing in this year's Formula 2 as he does not have the budget to buy an F1 seat. read more »

Formula 1's 10 teams have agreed on a cut to the budget cap due to come into force in 2021, with talks ongoing to lower it further. read more »

McLaren boss, Zak Brown fears that F1 could lose as many as four teams as he calls on the sport to reduce the budget cap still further. read more »

Ahead of Monday's meeting to discuss lowering next year's budget cap, Zak Brown has voiced his fear that F1 could lose as "four teams" in the coming months. read more »

Formula 1's smaller teams are pushing for next year's budget cap to be lowered to "$100 million" with the topic up for discussion on Monday. read more »

Andreas Seidl has again urged Formula 1 bosses to keep an eye on "co-operation" between teams to prevent anyone gaining an advantage by pooling resources. read more »

The FIA has confirmed that the budget cap will remain in place in 2021, in spite of the new technical regulations being deferred by a year. Formula 1 was poised to introduce an... read more »

As expected, following unanimous agreement between all ten teams, the FIA and F1, the 2021 technical regulations have been postponed until 2022, though the budget cap will go... read more »

Andrew Green says Racing Point changed their design philosophy in 2020 thanks to having a much healthir budget than they did previously. read more »

F1 managing director, Ross Brawn is confident that enforcing the $175m budget cap from next season will be made easier by teams self-policing. read more »

Max Verstappen thinks it will take a few years for the 2021 budget cap to have an effect, saying the top teams have a "head start". read more »

Max Verstappen feels the current schedule of 22 races is enough, while also admitting that he doesn't believe the impending budget cap will make much difference. read more »

Max Verstappen reckons the budget cap set to be introduced for the 2021 Formula 1 season will not make a difference with regards to how the championship plays out. read more »

With one of the smallest budgets in F1, Claire Williams says Williams would have benefitted from the budget cap coming into effect this season. read more »

Racing Point believes it can become a thorn in the side of Formula 1's big budget teams this year and potentially emerge as "best of the rest" again read more »

BMW will not be tempted back to Formula One for the first time since 2009 by the new regulations or the budget cap. read more »

Ferrari president Louis Camilleri has said that the Scuderia will 'never give up' and are ''doubling up', developing the 2020 and 2021 cars... read more »

Formula 1's budget cap for 2021 may be $175 million but that doesn't mean Haas will meet it, says team boss Guenther Steiner. read more »

Former Formula 1 team owner Tony Fernandes has found himself caught up in a bribery scandal over Airbus’ sponsorship of his now defunct Caterham F1 team. Fernandes is the... read more »

Zak Brown says the $175 million per season cap that comes into effect from 2021 will actually settle in only in 2022 or 2023 read more »

McLaren are preparing for Formula 1's budget cap in 2021 by running this season's race programme at the limit of the cap. read more »

Haas have been left counting the loss after a mid-season split with then title sponsor Rich Energy has significantly reduced the team's operating budget for 2020. read more »

Former Formula One driver turned pundit Karun Chandhok hopes that the $175million budget cap for 2021 onwards will help to entice new teams into the sport. read more »

Williams insists it has put in place a "healthy racing budget" for 2020, despite a drop in prize money earnings and lapse of some sponsorship deals read more »

Claire Williams is unconcerned over Williams' 2020 racing budget despite the departure of a number of high profile sponsors on the back of a poor 2019 season. read more »