Budget cap uncertainty has ‘put handbrake’ on F1 upgrades

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 keep spending on upgrades until they know there is no risk of them potentially being in breach of the spending rules.

Having already admitted that it is on course to break the current $140 million cost cap limit, McLaren is more mindful about the risk of further over-spend until it knows what F1 is…