4. In relation to financial years beginning on or after 1st April 2003, in Schedule 2—
(a)for paragraph 2(12) there is substituted the following—
“(12) It shall be assumed that the amount calculated for the authority in accordance with the assumptions prescribed in sub-paragraphs (1) to (11) above is the total of the amount so calculated multiplied by 0.961.”;
(b)for the table in paragraph 8(1) there is substituted the following—
| “Name or description of authority | Percentage |
|---|---|
| The council of a metropolitan district | 1.0 |
| The council of a non-metropolitan district which has the functions of a county council | 0.7 |
| The council of a non-metropolitan district which does not have the functions of a county council | 0.5 |
| The council of an inner London borough, and the Common Council of the City of London | 1.0 |
| The council of an outer London borough | 1.3 |
| The Council of the Isles of Scilly and the Isle of Wight Council | 0.7” |