McLaren F1 driver Norris says he is moving to Monaco

McLaren's Lando Norris has announced he is moving from England to Monaco, with financial reasons playing a part in his decision.

The 22-year-old Briton has had a standout season with his Woking-based team and signed a multi-year contract extension in May.

"It's something that obviously a lot of drivers do," he told British media about the move.

"Especially, with how racing is, we've seen for other drivers how quickly things can go downhill.

"I l have to look after my life and things for my future."

Monaco is home to many of his Formula One rivals, including compatriot and seven times world champion Lewis Hamilton and Australian McLaren team mate Daniel Ricciardo.

Hamilton has been criticised for his tax arrangements and Norris, already a fan favourite, expected to face some negative reaction.

"But people do many things for money. This is just another one," he said.

Norris entered Formula One in 2019 and has been on the podium four times this season, and is fifth overall with two races remaining.

The youngest British Formula One driver in the history of the sport, he has been living close to the McLaren factory to learn as much as possible, and enjoying local golf courses.

He said in April he wanted to have fun with friends and see his family regularly, declaring" "I don’t want to do my job in Formula One and not enjoy the things around it".

The time had come to move further away even if he would still spend plenty of time in the factory.

"I said many times that for me, fun and enjoyment, and enjoying what I'm doing takes priority. t's not an easy decision," he said.

"I feel like I'm in a comfortable place to make this decision."