Ferrari team principal Mattia Binotto says it would be a shame if the budget cap, rather than innovation, dictates Formula 1 in 2022. With electricity and freight travel costs rising sharply, alongside other essentials for Formula 1 teams, there is a growing push from some parts of the grid for the budget cap to be increased. Red Bull's Christian Horner has warned seven teams risk having to sit out the last four races of 2022 should no increase be agreed. And Binotto has stressed a limit on spending should not be allowed to put a stop to development. Asked by reporters if he agreed with Horner that the cap needs raising, Binotto replied: 'Yes, I agree. I think many teams are agreeing with...
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