Now is not the time, but formula one can seriously consider introducing annual team budget caps within two years, Renault team boss Flavio Briatore said on Monday

Now is not the time, but formula one can seriously consider introducing annual team budget caps within two years, Renault team boss Flavio Briatore said on Monday.

The Italian is a staunch advocate of slashing the sport's high costs, and at the launch of his team's 2009 contender in Portugal he agreed that simply restricting budgets would be ideal.

But to Germany's Auto Motor und Sport, Briatore insisted that budget caps should follow more work in reining-in some of the most wasted outgoings.

"Right now we would have to supervise the budgets in too many areas," he said. "So we first have to keep driving down our expenditures.

"For the engine, transmission and aerodynamics we have already talked about it (cost cutting), now we have to think about the chassis.

"In two years time we can determine a budget limit," said Briatore.

He also scolded F1 powerbrokers Bernie Ecclestone and Luca di Montezemolo for recently engaging in a very public war of words.

"The gentlemen talk too much," Briatore charged. "It would really be better if we are all steering the ship together."

He also expressed frustration about FIA president Max Mosley, the original advocate of KERS technology who now thinks teams were wrong to develop expensive and dangerous battery-based systems.

 

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