It's October 1940, Hitler won the Battle of France but lost the Battle of Britain. Instead of continuing with Blitz, he decides to negotiate a peace with the UK in good faith at any cost to himself. What would a realistic peace settlement look like if the Germans were open to ceding a lot of their gains?
For example, if Germans were to agree to end the occupation of the Low Countries and France, would the UK have accepted the German annexation of Poland?
Or were the UK bent on Germany's unconditional surrender and regime change already in 1940?
For example, if Germans were to agree to end the occupation of the Low Countries and France, would the UK have accepted the German annexation of Poland?
Or were the UK bent on Germany's unconditional surrender and regime change already in 1940?