Spending Cap in F1

[awrb]

Just read on Autosport that a cap could be put on the spending of the teams in F1. While a can see the advantages of this, surely it's a bad idea. http://www.autosport.com/news/report.php/id/67410

Surely it means the engineers are going to get paid lees, or even lose their jobs. But does this mean that the F1 teams could even move out oof Britain and Europe to cheeper places. Motorsport brings a lot of money to the UK, and employs a lot of people, and i'm pretty sure we don't want to lose the one sport where we still are ahead of the rest of the world.