Mosley: Budget cap is achievable

FIA President Max Mosley is pushing ahead with plans to impose a budget cap in Formula One by the start of the 2009 season.
While some people have met the suggestion with a lot of scepticism, Mosley believes it is accomplishable and is the way forward for the sport.
The proposed budget cap would exclude drivers' salaries, engines as well as funds spent on marketing promotion.
"I think for a long time the feeling was with the big manufacturers that costs doesn't really matter, that they don't care," he told the official Formula One website.
"Now everybody understands that they do care and in fact it became of big importance to them. The teams at the last meeting were strongly in favour - or almost all of them were strongly in favour - of a cost cap rather then specific regulations.
"With the cost cap, the amount of money is limited, but you can spend it any way you want, whereas if we start saying this is for the use of the wind tunnel or the computer, one team has a big wind tunnel, the other has got a big computer, so you end up getting everybody unhappy.
"But obviously the problem with the cost cap is we have got to agree how we are going to enforce it, how are we going to check - and what the figure should be.
"I am very convinced that we are able to do it, but people are still sceptical, saying: 'how will you know for sure they haven't had something given to them?' The answer is we've got some very good plans for that. It will all be discussed in the next few months."
The proposal was first discussed at a meeting of team bosses in Paris last week and most teams were open to the idea except Ferrari who were reportedly strongly against it.