I can't help feeling that it might all go horribly wrong come the election. In 1997, Labour only had a fairly slim Tory majority to overturn, but this time round, the Tory majority is huge - as has been pointed out by various commentators, but which everyone is ignoring.
Depends on where you ask.
On the political blogs I follow the notion that Labour need a huge swing to overturn the Tory majority and win a majority of their own isn't ignored at all. Nope it is completely baked into the conversation.
But this is against a baseline of 2019 and that was a bizarre snap election effectively on a single issue (and a Boris or Corbyn personality battle), neither of which are in play any more. So I think people should be careful in assuming this to be the obvious baseline given that it threw up seats going Tory that had never done before in anyone's lifetime and which had otherwise been solidly Labour - so the Tory support was a mile wide, but in many places an inch thick.
So perhaps a better baseline is actually 2017 (the 2017 to 2019 Boris/Brexit shift had surely unwound prior to the most recent Labour surge and Tory slump). So although Labour do need to flip more seats than in any election in living memory many of those with be 2019 flipped seats without any long-range heritage of being Tory, nor seats where the likes of Sunak will be a positive.