What if King George VI didn't die in 1952?

George VI was resistant to letting Lilibet marry so young in real life, he wanted to retain the four person family unit that had sustained them for so long as long as he could. She was insistent enough that he eventually relented - what might have happened had he lived for longer and therefore outlived his mother is that when Lizzie did become Queen (let's say c. 1974 to allow him the same vague lifespan as his elder brother) it would likely see the formation of the House of Mountbatten rather than a continuation of the House of Windsor, given that Queen Mary was one of the major players in the opposition to the House of Mountbatten becoming reality.

As for Margaret, I could see her continuing to be very spoiled. Without the stress of her father's death, it might never push her and Peter Townsend together although there are rumours the relationship sparked during the South African Tour of 1947 when she was seventeen.

At the very least George VI's survival would have balanced the Queen Mothers hand in family business. I don't think he would have allowed the Townsend/Margaret relationship for much the same reason she opposed It, though, and in this they were both influenced by their experiences of Edward VIII and Wallis and the abdication.

Does this make her relationship with Billy Wallace more likely to succeed in the long term, and it would probably mean Anthony and Margaret neither meet nor marry.

Would Margaret end up marrying John Turner after accompanying her father and mother on a Canadian Tour in 1957 (in real life she went solo). Surely at 27, the King would have to concede that it was about time for Margaret to settle down.

Or Colin Tenant?

I've been reading several books on Margaret and she fascinates me.

Agree...sometimes it appears that Margaret (if the "spoiled child" and "heavy drinker" items are, somehow, butterflied) was born some three decades before her due time. A Margaret as Elizabeth's daughter (minus the "spoiled"), born by late 1950s or early 1960s, could have become immensely popular, being a kind of bridge between the still stiff 1980s - early 1990s Royal Family and the contemporary cultural and arts scene. Maybe even a more comfortable settling of Diana within the Royal Family could have been promoted by this alternate modern Margaret
 
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