Wrongly thought to have said “in mid-cut” (8)

I believe the answer is:

misheard

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'wrongly thought to have said' is the definition.
I can't judge whether this defines the answer.

'in mid-cut' is the wordplay.
'in' means one lot of letters goes inside another.
'cut' becomes 'shear' (shearing is a kind of cutting).
'mid' enclosing 'shear' is 'MISHEARD'.

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(Other definitions for misheard that I've seen before include "wrongly caught" , "Picked up by inattentive" , "Caught (words) incorrectly" , "(Of speech) not understood correctly" , "Chinese whispers are usually" .)

I've seen this clue in the Evening Standard.

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