A peace is signed between England and France after the failure of
the Amicable Grant leaves Wolsey without sufficient funds to pursue
the war. Its terms are favourable to England, as France is to pay
Henry VIII a pension of 100,000 crowns a year for the rest of his
life. The Peace is a severe setback for the Emperor Charles V,
since it loses the Empire a crucial ally in war against France, but
Wolsey sees it as an attempt to restore a balance of power to the
diplomatic situation, as since its victory at the Battle of Pavia,
the Empire has been predominant.
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Editors. "Wolsey signs a Peace with France". The Literary Encyclopedia. First published 01 November 2010
[http://www.litencyc.com/php/stopics.php?rec=true&UID=14896, accessed 23 May 2017.]