Red Bull urges caution over F1's latest cost cap plans

Following the latest round of meetings to discuss Formula One's 2021 regulations, Red Bull boss Christian Horner has urged the sport to consider the impact a cost cap would have on jobs in the motorsport industry in the U.K.

The idea is simple: level the playing field between F1's biggest and smallest teams by restricting budgets to $150 million per year across the board. Marketing budgets and the salaries of drivers and team executives would not be included in the cost cap, but development budgets for the car, which currently vary by over $200 million between the biggest teams and the smallest would.

The budget cap would be part of a package of rules aimed at reducing expenditure, making…