The budget cap, porpoising and next year's pre-season testing were some of the hot topics at the latest F1 Commission Meeting.
With Formula 1’s financial regulations decreasing the 2022 budget cap to $140 million dollars, restricting the team’s car and performance spend to that figure, calls have been prevalent since the start of the 2022 season to increase that figure.
According to the FIA, the governing body shared the opinion the teams could be at risk of non-compliance with the Financial Regulations as a result of inflation and, following consultation with the Financial Advisory Committee, a proposal has reached the required majority – supported by the FIA, F1 and nine of the 10 teams. It’s not evident which team voted against.
“We had a time lag, so it’s bit complicated to explain, but we got 3% on top , which should cover a little bit of the inflation, but not the freight and energy costs.” With F1 evaluating ways to improve the weekend schedule to reduce the workload on operational staff, more areas have been earmarked for improvement. The FIA have highlighted one weak area being in relation to parc ferme timings after qualifying.
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