However, based on information which the government has provided so far, it is not clear to us why a shorter transitional period of 20 years would not also represent a fair balance between the parties. Successive governments have indicated their intention to cap ground rents since at least 2017, and so we are not persuaded by the arguments of some freeholders and investors that they will require a transitional period of longer than 40 years to adjust and plan for the change. Whilst several freeholders and investors told us that 40 years would not allow them sufficient time to prepare, none was willing to propose an alternative transitional period that would be acceptable to them. Ultimately, the length of the final transitional period is a political judgement, which the government acknowledges will involve trade-offs. (Conclusion, Paragraph 74)