![Gordon Brown [© Crown Copyright 2005]](/fileadmin/_processed_/0/c/csm_gordon-brown-crown-copyright-2005_c39513e1fc.png)
Brown admits he got it wrong
Gordon Brown has today admitted to MPs that the economic forecasts he made just nine months ago were hopelessly optimistic. Mr Brown, who has built his reputation on the prudent stewardship of the economy, is likely to say the economy will grow at 1.75% this year, its slowest pace in more than a decade and only half of what he forecast in the March budget.