
Williams confirmed on Monday that they had formally submitted their entry to the 2010 F1 World Championship, making them the only team yet to do so. And because of this, the Formula One Teams Association has today suspended them.

The FIA will ditch the idea of a two-tier F1 championship, but aren’t prepared to budge much on the £40m budget. That’s what seems to have come out of Max ‘n’ Bernie’s Big Budget Cap Meeting.