Germany wanted an Empire to the East, and had no designs on Britain.
Britain might not have liked being next to Nazi Germany, but then wasn't thrilled about its position in the Cold War either. Add to this not being bankrupt and not bombed it seems a price worth paying. Nazi Germany would have likely collapsed given time just as the USSR did.
Slowly giving up the Empire and not a rushed withdrawal would have hopefully meant more New Zealand / Australia / Canada outcomes as opposed to many that have been seen especially in Africa.
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