Seeing as the War of the Grand Alliance ended in that year, not much immediately. Yet he did not reconcile with Marlborough until 1698, so unless Anne restored him to even greater glory then before 1696, which was not totally unlikely seeing as they were good friends, then the War of Spanish Succession would be a loss for England, if they would even join. If not, then Holland loses its independence to France, as do a number of other countries.