Ferrari team principal Matti Binotto has again urged the FIA to reconsider the budget cap for the 2022 season, affirming that it has resulted in employees being let go. The revised $140 million cap this year, which is reserved for development, damage repair, transport of freight and man hours working on the cars – among other facets – has led Binotto, Red Bull boss Christian Horner, and Mercedes team principal Toto Wolff to express their concern. This is due to inflation and the subsequent rise in the cost of living, and Wolff confirmed that the Silver Arrows have had to make some “painful” redundancies as a result of the energy bills in Brackley, which have risen by £4 million....
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