The pay dispute involving London bus-drivers affected by the Olympics has been settled after Boris Johnson stepped in to secure �8.3 million from the Olympics authority to oil the wheels.

The dispute threatened to bring services to a halt across east London during the Games starting on July 27.

It had already resulted on a one-day stoppage last month affecting many depots, including Bow Garage less than a mile from the Olympics Park.

But a deal was struck which has been accepted by the drivers’ union Unite.

Transport for London’s Leon Daniels said: “Bus workers pay is a matter between them and the private operating companies—but in this case the Mayor sought resolve this dispute, with London preparing to celebrate the biggest festival of sport and culture it has ever seen.”

TfL has also agreed to share additional fare revenue generated during the Games with bus companies half-and-half to pass on to drivers after the Games.