So, let's suppose for a moment that the Spanish fleet isn't delayed by strong winds and makes it to the rendezvous point with the French fleet in time and the combined Bourbon fleet manages, despite heavy losses, to decisively defeat the Royal Navy and land 30,000 troops. Assuming that the Royal navy doesn't manage to disperse the enemy naval forces (their losses are too great to be able to contest control of the waters until squadrons from India and the West Indies arrive), the French forces manage to defeat the British forces in the south of England in some early engagements and advance towards London, while Ireland rises up in revolt against the weakened regular forces on the island and the various Protestant formations . Three scenarios that could happen (at least according to my estimation):
1) (rather unlikely) The French achieve near complete victory, capturing London and making most organised resistance impossible.
2) With their regular army severely weakened and the militias being unable to organise effectively, the British government decides to seek peace with the French and the Spanish. The minimum in this case would probably be that Spain would recover Menorca, Florida and Gibraltar, as well as the Falklands (which had nearly caused war almost a decade earlie) while British commercial privileges would be cancelled. For France, it would probably be the islands in the Carribean it had been forced to cede to Britain in 1763, as well as the contested islands in the area, and perhaps the Channel islands, to enhance Paris' control of the Channel, as well as lifting all restrictions with regard to the Indian trading posts.
3) The British don't manage to repel the invading armies, but they manage to slow them down before reaching London; as the war degenerates into a war of attrition, the French are starting to feel the financial pressure as the costs continue to mount. At the end, the British and the French, both rather exhausted, decide to reach a peace settlement. In this case, the treaty would probably be very similar to the OTL one.
So, what are your thoughts on the peace terms that could result from each case, especially the first scenario?
(I know this scenario is very difficult to happen in general, given the financial constraints of the French monarchy at the time and other factors, but perhaps not impossible)
1) (rather unlikely) The French achieve near complete victory, capturing London and making most organised resistance impossible.
2) With their regular army severely weakened and the militias being unable to organise effectively, the British government decides to seek peace with the French and the Spanish. The minimum in this case would probably be that Spain would recover Menorca, Florida and Gibraltar, as well as the Falklands (which had nearly caused war almost a decade earlie) while British commercial privileges would be cancelled. For France, it would probably be the islands in the Carribean it had been forced to cede to Britain in 1763, as well as the contested islands in the area, and perhaps the Channel islands, to enhance Paris' control of the Channel, as well as lifting all restrictions with regard to the Indian trading posts.
3) The British don't manage to repel the invading armies, but they manage to slow them down before reaching London; as the war degenerates into a war of attrition, the French are starting to feel the financial pressure as the costs continue to mount. At the end, the British and the French, both rather exhausted, decide to reach a peace settlement. In this case, the treaty would probably be very similar to the OTL one.
So, what are your thoughts on the peace terms that could result from each case, especially the first scenario?
(I know this scenario is very difficult to happen in general, given the financial constraints of the French monarchy at the time and other factors, but perhaps not impossible)