As Jeremy Corbyn is surrounded by cheering crowds, Labour generally, and the left specifically, are teetering on the edge of looming calamity. - Owen Jones

Labour is now permanently transformed. Its policy programme is unchallengeable. It is now the party's consensus. It cannot and will not be taken away. Those who claimed it could not win the support of millions were simply wrong. No, Labour didn't win, but from where it started, that was never going to happen.

But above else, Jeremy Corbyn will have to strike a conciliatory tone: which will not be difficult, given that's his default approach, in any case. When he is attacked – whether by the media or by his own party – they will be identified as the aggressor. An emphasis on conciliation and unity within his own party – building on his recent "unity statement" – will make it politically harder for those within the PLP who wish to undermine him.

I wasn't a bit wrong, or slightly wrong, or mostly wrong, but totally wrong. Having one foot in the Labour movement and one in the mainstream media undoubtedly left me more susceptible to their groupthink. Never again. Corbyn stays and – if indeed the Tories are thrown into crisis as Brexit approaches – he has an undoubted chance of becoming prime minister, and a fine prime minister he would make too.