Red Bull chief Christian Horner is pꦬredicting a “really expensive” 2020 before F♉ormula 1’s budget cap is implemented for the following season.

Along with an overhaul to the technical and sporting regulations for 2021, F1 is set to introduce a cost cap to limit spending with the ultimate aim of bringing the field closer toget🐟her and making the championship more competitive.

A $175m budget will be phased in over a three-year period but will not come into full force until 2021, something Horner believes will result in teams incurriꦯng large development bills throug🔥hout 2020.

“There are bits of it that we don’t think wil﷽l address the problems that they’re hoping to achieve,” Horner told Sky.

“We’ve obvious𒁏ly g⭕ot the budget cap as well, so there’s a financial cap.

“My preference would have be﷽en to delay the introduction of these years to ’22, take a bit more time to evolve the concept, and then not have all the development costs next year which is uncapped.

“So we’ve got a really expensive year bef💯ore that regulation change comes in.”

Despite his reservations ov𒁏er the financial regulations, Horner is generally pleased with the direction F1 is headingꦡ post-2020.

“I think 🌟the car, I think there are things that are good. The principle is good. It’s immature in its concept,” he explained.

“If the objectives of this higher wake allow the cars to follow, th🎀en that’s great. It’s still quite immature in design.

“I think there’ll be a lot of technical clari𝓀fications over the next 12 months, because it’s quite a big removal from where we are here.

“It’s something noಞw for all the engineers to get their teeth into, and I’m sure teams will split their time between 2020 which is an evolution of this car, and then the all-new car for 2021.

“The principle of what they’re trying to do is absolutely right, and it’s important now that we try and work collectively for wh🎐atever areas that do need a bit of tidying up that we work together to achieve that for the benefit of the sport.”