F1 team bosses urge action over impact of inflation

F1’s top teams have already had to cut back on spending this year with the budget cap limit reduced by $5 million to $140 million.

But their finances are facing extra pressure caused by a dramatic upswing in inflation and spending that has been triggered by the ongoing fallout of the coronavirus pandemic and the Ukraine war.

That not only means costs on things like transport and electricity will jump massively, but there is pressure too to increase staff wages to keep them…