Philip Hammond bashed the the President of the European Commission after he announced public sector borrowing had been predicted to fall.
MPs cheered as he said he would not “hold my breath” for a “congratulatory letter” from the Eurocrat.
Mr Hammond told MPs: “Overall public sector net borrowing as a percentage of GDP has been predicted to fall from 3.8 per cent last year to 2.6 per cent this year.
Philip Hammond mocked Jean-Claude Juncker and the EU during his Budget speech
“And for those who care about such things, it means we are forecast to meet our 3 per cent EU stability and growth-packed target this year for the first time in almost a decade.
“But I won’t hold my breath Mr Deputy Speaker for my congratulatory letter from Jean-Claude Juncker.”
MPs then burst out into laughter following the jibe.
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Prime Minister Theresa May laughing along with Welsh Secretary Alun Cairns (left) and Chancellor Philip Hammond during Prime Minister's Questions in the House of Commons
The comments come after Mr Hammond spoke of a change in forecasts from the Office for Budget Responsibility (OBR).
He said: “Mr Deputy Speaker while the economic forecasts are broadly unchanged since the Autumn, the OBR has substantially revised down short term forecasts of public sector net borrowing.
“The OBR attributes this change to a number of one-off factors that they do not lead to expect to lead to a structural improvement over the forecast period.
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“Combining these factors with the higher short term forecast for growth and taking into account the measures I shall announce today, the OBR now forecasts both borrowing in 2016/17 to be £16.4billion lower than forecast in the Autumn at £51.7bn.
“Then £58.3bn in 2017/18 £40.8bn in 18/19 £21.4bn £20.6bn and finally £16.8bn in 21/22 all lower than forecast at Autumn statement.”