PART ONE – TEAM REPRESENTATIVES: Mattia BINOTTO (Ferrari), Christian HORNER (Red Bull), Andrew SHOVLIN (Mercedes). Christian said this week that he thinks there is a need to raise the budget cap. The budget cap, or the financial regulation, is certainly a very green regulation. For me, the most important, is many teams will breach it. The budget cap was there to limit the top teams from a spending frenzy. I think we have a responsibility to our employees as well. And I don’t think it’s right, that the pressure should be put on mass redundancies, within the sport. I think we made an effort, because we understood the importance of it, we understood the importance try to balance a bit more, the cap and the financial situations within teams. So, there’s many, many complexities, but I think we need to go beyond that. I think you’ve got to look at where your cost drivers are. Shovlin: I think in general, there’s no doubt that a well thought out cap can benefit the sport. I think you may have had something at the Imola Pirelli test. I think we have a car and two drivers that can do that, so looking forward to today and tomorrow. I think we should stick to the rules as they were written and see this through. And I don’t think it’s opportunistic for teams to say, don’t change the rules midseason. Shovlin: I think there’s teams around that have a bigger issue with that topic than we have.

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