The IOC's decision, laid out over nine pages, makes it clear that the BOA should have no claim over any surplus before the Paralympics has also been taken into account.

BBC: Olympic chief Jacques Rogge snubbed in Olympic cash row

He did however forecast that, by 2015, the deficit would become a surplus, allowing him to claim for the first time that both parts of the budget could be balanced over 15 years.

ECONOMIST: Budget making

The deficit ends four years when it could claim to be in surplus, on a modest scale, assuming a large share of oil revenue and not including capital spending.

BBC: Balance of payments

Objectors claim it would lead to a surplus of berths, more congestion and restricted water supply for boat users.

BBC: Barby marina plan in Northamptonshire set for approval

The Department for Education (DfE) responded to the claim that many free schools are in areas with surplus places by saying "the LGA is wrong".

BBC: LGA head: 'Government should reassess new free schools'