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F1 News & Discussions => General F1 Discussion => Topic started by: John S on May 31, 2022, 02:35:35 PM

Title: How much does it cost to become and F1 driver?
Post by: John S on May 31, 2022, 02:35:35 PM

Somewhere between £4m and £5m says Racingnews365.com.  :swoon:

https://www.youtube.com/watch?v=HlCNXruGo6g

Title: Re: How much does it cost to become and F1 driver?
Post by: Alianora La Canta on May 31, 2022, 07:00:53 PM

I'm sure the inflation on this is about 15% a year...

Title: Re: How much does it cost to become and F1 driver?
Post by: Dare on June 01, 2022, 08:52:16 PM

The Gov't here says inflation is 8.5%. I'm trying to figure out if
they mean a year or month.

Title: Re: How much does it cost to become and F1 driver?
Post by: Alianora La Canta on June 01, 2022, 11:17:17 PM

Quote from: Dare on June 01, 2022, 08:52:16 PM

The Gov't here says inflation is 8.5%. I'm trying to figure out if
they mean a year or month.

Part of the problem is that it depends on your income bracket. In the UK it's been clocked at:

- 4.3% for wealthy people
- 9% for someone on average wages
- about 40% for people on minimum wage/fixed basic incomes...
- ...unless they're small business owners in gas-powered premises, then it's about 50% because business gas has nearly doubled in price over the last 12 months.

The UK government has also said to expect average inflation to hit 10% by autumn.