More Cost-cutting in Formula 1 racing

More cost-cutting measures are due in Formula 1 racing if reports from the International Automobile Federation are to be believed. Formula 1's governing body is due to present a further round of cost-cutting measures overnight and vote on whether to change the scoring system for this year's championship.

While no details have been given, they are likely to involve more standardisation of parts and the possible imposition of a budget cap on top of significant steps already taken.

The Formula 1 Teams' Association has put forward cost-cutting proposals it says will halve the expense of competing next year compared with last year.