Reform getting 14% is not a good sign. It'll drive the Tories to be more populist, reactionary and, well, fascist.
It also looks like Labour doesn't have anywhere near the mandate their seat share implies and they could be out in a few years, especially if they don't do much to help common people, which Starmer seems to be implying by hewing to the neoliberal consensus.
We've seen this in other FPTP systems (Canada, the US) when the centre-left party runs to the right: it forces the centre-right to flirt with fascism and it leaves left-leaning voters disillusioned and angry.