I am in favour of the budget cap, but not in the way it is being introduced. You cannot expect the big teams to slash their budget in the space of 1 year, this should be gradually phased in.

I know there are teams waiting in the wings to join in but should we take in Prodrive, Team USA etc and let Ferrari, Toyota, Renault and Red Bull go? Absolutely not. Phase it in over a number of years, gradually reducing the max budget. This will keep the same regulations and specifications for all teams on the grid.

This two-tiered system is nonsense!