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 »

Matteo Binotto believes that teams may struggle to hire the required staff for an increased calendar under the proposed 2021 budget cap. read more »

Formula 1 teams will face a "risk" in getting the staff required for an increased calendar within the proposed 2021 budget cap, believes Ferrari's Mattia Binotto read more »

Renault is the team under the most pressure to bridge the gap between Formula 1's midfield and the big three teams, but this year its progress appears to have stalled and... read more »

Formula 1 CEO Chase Carey has confirmed that the 2020 Formula 1 season next year will be used to test the budget cap which is being introduced in 2021. read more »

McLaren team boss, Andreas Seidl admits that the only way his team can hope to take on the big three is by the introduction of a budget cap. read more »

McLaren team principal Andreas Seidl believes that McLaren can eventually compete with Mercedes, Ferrari, and Red Bull - but only when the 2021 budget cap is introduced. read more »

McLaren principal Andreas Seidl believes the budget cap is the "only way" McLaren can compete with the top three again. read more »

McLaren Formula 1 team principal Andreas Seidl says the championship's incoming budget cap is "the only way" his outfit can fight with Mercedes, Ferrari and Red... read more »

Max Mosley couldn't do it, but Chase Carey insists that his plan to introduce a budget cap to F1 will not only work but will be a success. read more »