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Actually Marshall (14.10) the ground rent in the last 5 years of the term in your scenario is £1,024,000 per annum. Some lawyers possibly do not understand the concept of an exponential curve.

Statutory limitations as to period of review or maximum increase are unlikely (one might suppose) to see the statute book prior to mid 2019, and the last thing we need long term is yet another bit of 'sticking plaster' legislation in the leasehold arena. The whole area of leasehold law, estate rentcharges, and enforceability of covenants needs a full codification and update.