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 overhaul of the regulations for the 2021 campaign but these changes have now been delayed until 2022 due to the coronavirus. Formula 1 chiefs, the FIA and all 10 teams conducted a conference call on Thursday to unanimously approved that change. But the budget cap, which was being introduced to coincide with the regulatory overhaul, will still be enforced in 2021. A statement added that “discussions remain ongoing between the FIA, Formula 1 and all teams regarding further ways to make significant cost savings.”...
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