It would have been disasterous. The Germans wanted a cease fire in order to resupply and move troops around without risk, they always planned to attack the UK and France at a later date. Churchill was one of the few people who understood that the war NEEDED to be fought and the sooner the better.
If you read up on the "Phoney War", the period of time between early October, 1939 and the invasion of Belgium and France in May, 1940, you will see that the lack of major land confrontation between the Allies and the Nazis actually was used to the Nazis advantage.
all true, althouygh i am struck by how wide of the mark churchills assessment of the upcoming war is. he says they are much better off than ww1, whereas the truth turned out the opposite, i.e. dunkirk.
perhaps if he had a better idea of what was about to happen he could have taken the time to beef up his own forces.
one could argue the only thing that really saved england was japan attacking pearl harbor. without that they probably would have lost, or russia would have beat hitler alone and all europe be under russia.
for the record i also note that churchills major war objective, to free Poland, was not met. Poland ended up still incaptivity, just russia not russia and germany.
just another example, that when you get in a war you have no idea how it will turn out, none.