Jenson Button has backed the new budget cap, set to apply in Formula One from next season. The Englishman, currently leading the World Championship and as a driver of the privateer Brawn team, believes the initiative is important for Formula One in such economic times as those being experienced worldwide.

Brendon Harley has taken over from David Coulthard as official reserve driver for Red Bull. Despite the lack of testing during the season this year, the 19-year-old New Zealander will be remaining on hand for the possibility of any Red Bull regular driver being unable to participate during the season.

New Zealand's Brendon Hartley is been granted his motor racing super-licence and will join Red Bull as a reserve driver.

Why the Brazilian remains an F1 icon on the 15th anniversary of his death

Force India's Vijay Mallya will be approaching the FIA's 2010 proposals with caution after a full review was released on Thursday. Owner of Kingfisher and the Force India team, Indian Mallya is fully reviewing the scheme before making any firm decisions.

The McLaren team is refusing to jump the gun ahead of the Spanish Grand Prix next weekend, as the start of the European season sees all teams brings take their first major aerodynamic updates to a track on which a large percentage of off-season testing is completed.

The FIA will be increasing the minimum weight of cars next season, after meetings in Paris on Tuesday included the issue. The topic has been one of heated discussion this season, as - with KERS onboard cars - some drivers are now suffering from heavier cars than their rivals.

The FIA will be increasing the minimum weight of cars next season, after meetings in Paris on Tuesday included the issue. The topic has been one of heated discussion this season, as - with KERS onboard cars - some drivers are now suffering from heavier cars than their rivals.

Formula One championship leader Jenson Button supports the proposed introduction of a £40m budget cap in 2010.

Among the changes to the Technical Regulations for 2010, cars will be 15kg heavier than this year, while budget capped teams will double the KERS outputs of their wealthy rivals.

In reaction to the WMSC's proposals earlier today, McLaren boss Martin Whitmarsh has echoed the sentiments of fellow-F1 team boss Frank Williams.

I'm sure we'll put on a stonking performance, says Team France driver ahead of Brands Hatch weekend.