(
continuation to post #1391)
I should not always only criticize. Therefore I've made a 'risk-list' similar to the one of
@Catspoke , a list that might or could have played a role in the minds and thoughts of the politicians responsible for the decision of british belligerence - or its non-belligerence.
Far from claiming it to be complete I would also like to remind that it's only about risks and does not mention any IMO also present opportunities the several possible course of events offered.
This ofc assumes, that the casus belli of OTL, the german invasion/threat of invasion of Belgium, does not happen - to stay within the conditions of the OP.
1) Britain declares war on Germany within the first week of August
Risks in the forseeable future (duration of war) :
a) Political issues like split of the Liberal Party due to the no-war-'doves', Liberal Goverment ending shortly (by coalition with Toties with shortly following complete take-over by Tories), defeat at the next ballot due to paerty-split as well as entering an at least not clearly 'popular' war.
(
@Catspoke Your 'faith' in the british electorial to take your position seems to me rather unrealistic, beside again comparing "apples with oranges" as the electorials of the pre-war as well as a possible 1915 electorial are of a VERY different composition compared to 1935 or what it might have been in 1940.
Btw : The 1935 'electorial' was so ... forseeing, that it cheered Chamberlain after the Munich conference in 1938 almost as a 2nd Jesus, preserving peace.)
b) financial and economical drawbacks ... as feared IOTL by almost every economist and already indicated by the IOTL stock market. ... not at least due to blockdes and counter-blockades
c) lots of casualties (BEF in France) without them having much of an impact if any at all (as feared and assumed by british limitaries as well as politicians as well as french militaries and politicians as well as german militaries and politicians
d) some mediterranian ... 'troubles', not at least the behavior of Italy unknown yet
e) Some naval defeat ... though as you pointed out a rather unlikely event, at least by the Brits as very unlikely perceived in 1914. ... everything else would IMO be strongly ASBish.
Risks in a guessed-upon farther future (beside the IMO rather forseeable Liberal 'defeat' as mentioned above) :
a) still loosing due to i.e. the 'continental' character of the war and the inadequate BEF for such a war, the 'Schlieffen-plan' becomming a success (comtemporary seen as possible)
b) having post-war a trade-war at hand with the economical power, that was already ... diminuishing british profit considerably before the war (the crippling nature of "victory" IOTL not forseeable in 1914)
c) having a new, even more powerfull 'dominator' of the continent, than Germany would have been able to become : the franco-russian alliance (most likely to be ... 'lead' by its 'heavier' part : the russians) ... which was much more of a potential threat of the british empire than Germany ever had or could have been.
2) Britain does NOT declare war on Germany at all (... for whatever 'own reasons' or because Germany 'wins' faster against France and Russia than Britain is drawn in)
Risks in the forseeable future (duration of war) :
a) Political issues ... Home Rule Crisis keeps going ... maybe some more suffragette-incidents ...
b) France as well as Russia being/feeling pissed ...
(
Can't see any consequences affecting Britain in any feelable way.
-'Refraining' from british markets (with and for whatever goods) to ... 'hurt' the biggest trading economy worldwide ?
-French or russian cruisers in the North-Sea ... or elsewhere on the globe (indian as well as asian seas, the Med, ...) 'controling' british merchants for contraband ?
-Declare and make ... war against Britain and/or its global assets ??
... let's stay serious ... okay ? )
c) no blockading Germany due to no participation might increase the chance of Germany to defeat France and Russia due to its access to world market raw materials (
... if the war lasts long enough for a blockade to have any effect on the Central[Europe-controlling]Powers and their also possible 'mediterranian' route [behavior of Italy unknown yet])
d) financial and economical drawbacks ... as feared IOTL by almost every economist and already indicated by the IOTL stock market. ... not at least due to blockdes and counter-blockades ... (
though less than above and likely to be turn around due to 'buisness' with belligerents as well as no/less 'affection' of (esp.) british sea-trade (might even benefit from the belligerents merchants-competitors' occupied' by other duties)
Risks in a guessed-upon farther future
a) CP-victory :
a)a)Germany might come back for another 'naval race' ...
(Which IMO would due to economic restrains after having to rebuild after/pay for the war would take about at least 5 Years, a decade very likely much longer to become a 'threat' for the RN. Pls don't forget the 'naval race' of OTL ended 1912. Even the 'rebuild' and/or adapting of eventually captured former russian and french battleships would take that long. ... if the germans would render this as desireable at all.)
a)b) Germany becomes a bigger 'colonial' player' ...
(A 'risk' at all ?? Even if it would be able to take over all of french colonies on the globe (rather ASBish, no resources at all for this), it would only 'replace' another though better and longer known 'competitor' in the global game.
And with 'only' parts of the french colonial empire : also a question of resources, though a wee bit smaller than in the case above.
To make this new german colonial empire 'work' it would take at least another 20 years. Pls don't forget against about 400 years of 'colonial experience' the germans are in this buisness for just about 40 years.)
a)c) Loss of 'diplomatic partners' due to the submission of France and Russia
As said : the germans of 1914 were NOT Hitler. They were/would have been happy with beeing 'just' acknowledged as the 'Big Boy' - at least regarding executable power - it was. Whoever would be ruling in Paris or St-Petersburg/Moscow after a german victory would be happy to have someone else than only Berlin to turn to. ... And though Berlin would try to keep british diplomatic 'leverage' as low as possible but due to british ... still 'ruling the waves' be unable to keep them out.
Oh, and there's also the ITTL 'sleeping giant' across the Atlantic as a possible further 'player' around . ... at least for diplomatic 'games'.
a)d) Trade and economical war
See above
a)e) Only 'informal' say in peace-treaty-negotiations
(leverage : colonial questions [acknowledged domination of Britain], global trade being in need of for 'rebuilding')
b) Franco-Russian-victory :
b)a) France as well as Russia being/feeling pissed ... (
and now unfortunatly there isn't a 'german deterrence' anymore)
b)a)a) An imperial nightmare possible. With their combined power they can now contest british positions else- and everywhere on the globe, Ottoman empire, Mediterranian, near, middle, far East, central asia, south-east asia, Caucasus, ...
b)a)b) NOW the threat of an - again after 1066 - 'french' invasion across the channel would become 'pressing' (in 1914 the 'hindsight' of experience of 1940 is NOT KNOWN or even forseeable, an invasion IS regarded as possible comtemporary)
b)b) If ... the franco-russians refrain from 'active' punishing Britain and go for diplomatic as well as economical 'cold war' they would hit the same wall as Germany in a CP-victory :
the british empire is simply too big to be ignored. ... What might lead back to thoughts on the franco-russian side as mention in b)a)a)
b)c) Another 'naval race' ... now 'only' against France as well as Russia ... with the probable resources of german industry and shipbuilding also at their hands (at least easily available)
b)d) Only 'informal' say in peace-treaty-negotiations ... though even less than in the case above, as combined the 'colonial' quations is much less ... clear.
3) Britain does not declare war against Germany right from the beginning but later after (whatever 'incident') a few months in the war (maybe about beginning of winter ? ... or even later ?) with the french as well as the russians already heavily being beaten and looking at least near to 'fold' (at least the russians ?)
Risks in the forseeable future (duration of war) :
a) some losses of men and material, but less than in the first case, probably only for 'naval' assets (but the RN is rather ... optimistic about its possibilities, isn't it ? ... and only, if Germany suffers from 'victory disease' and does not agree to come to the negotiation table.)
...
... can't see any further risks, only advantages ... or 'draws' (as some situations/issues might stay as they were)
Risks in a guessed-upon farther future :
maybe some of the for the former case mentioned ... but on much smaller scale ... if at all (see the comments above as well as Britain being also officially the main player on the negotiation table, able to 'form' the post-war world almost to its taste alone, as all participants would 'owe' something to Britain. ... beside its now immense economical power compared to all participants (debts and world market access).
As said : this 'list' does not claim to be complete ... and as also said it does not explicitly mention any ... opportunities.
edit:
And ... sorry for this wall of text but ... trying to be comprehensive can have such effects.