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LIVE: F1 Monaco GP commentary and updates - Verstappen fighting Ferraris for top spot, Norris stops on track

Formula 1
Monaco GP
LIVE: F1 Monaco GP commentary and updates - Verstappen fighting Ferraris for top spot, Norris stops on track

F1 Monaco GP: Leclerc leads Ferrari 1-2 in first practice, Hadjar and Alonso suffer crashes

Formula 1
Monaco GP
F1 Monaco GP: Leclerc leads Ferrari 1-2 in first practice, Hadjar and Alonso suffer crashes

Audi responds to F1's future engine plans: "We don't have problems with V8s"

Formula 1
Monaco GP
Audi responds to F1's future engine plans: "We don't have problems with V8s"

The man behind Japan's first Le Mans winner

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WEC
24 Hours of Le Mans
The man behind Japan's first Le Mans winner

Aston Martin’s “random downshifts” leave Alonso wary of Monaco GP crashes

Formula 1
Monaco GP
Aston Martin’s “random downshifts” leave Alonso wary of Monaco GP crashes

FIA and Liberty push for imminent F1 2027 engine solution

Formula 1
Monaco GP
FIA and Liberty push for imminent F1 2027 engine solution

The 'lessons learned' at Red Bull after Verstappen Canada GP criticism

Formula 1
Canadian GP
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LIVE: F1 Monaco GP live commentary and updates - Leclerc tops FP1, Hadjar and Alonso suffer crashes

Formula 1
Monaco GP
LIVE: F1 Monaco GP live commentary and updates - Leclerc tops FP1, Hadjar and Alonso suffer crashes

Briatore: Budget cap decision a shock

Renault boss Flavio Briatore says the FIA's decision to introduce a voluntary budget cap from 2011 came as a 'shock' to him given the efforts the Formula One Teams' Association's had already made to cut costs

FOTA believes its proposals will halve Formula 1 teams' costs by 2010, but the FIA felt more drastic action had to be taken, and will next year allow teams willing to stick to a £30 million budget cap to have greater technical freedom than squads spending unlimited amounts. Measures will be taken to equalise performance between the capped and uncapped teams.

Briatore echoed FOTA chairman Luca di Montezemolo's concern at the FIA's decision.

"With this we really need to sit down together and understand it, because the teams have already done a big job to reduce the costs," Briatore told the BBC.

"Formula 1 is very complicated. Sometimes you try to reduce the costs and instead the costs go up. We need stability, we need to be working with the federation together.

"It was a bit of a shock. I believe all the parties need to be working together to achieve a target.

"The financial crisis makes everyone worried and we need Formula 1 to be more efficient but sometimes we are not happy with the sentences that are imposed.

"I believe the teams have already done an incredible job for 2009 and 2010, and now we're ready to go further but we need to continue working together with the federation."

The Italian is troubled by the possibility of teams running to different rules under the proposed system.

"I think Formula 1 needs to have the same rules for everyone, and after that we'll discuss the budgets," Briatore said.

"The principle for me is that all the cars need to be (built to) the same (rules)."

He emphasised that he fully agreed that F1 costs had to be reduced, but felt the FIA had been impatient.

"There was a bubble in every area, including Formula 1 as well," said Briatore. "People needed to come back to a basic point, keep their feet on the floor, and make Formula 1 more efficient, absolutely.

"But already the teams have done a lot for 2009 and 2010, and what we need is another big step for 2011 and 2012.

"It's not possible to change the world in one week."

The FIA also rejected FOTA's proposed new points system in favour of awarding the title to the driver with most race wins, but Briatore supported this change.

"I don't have any problem," he said. "I think it's extra motivation for the driver to do their best, which is winning."

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