The Liberal Democrats said a report showing Brexit will create 80,000 jobs in Frankfurt is a "further humiliation" for Boris Johnson, coming on the same day he was forced to admit the UK will have to pay a divorce payment to the EU.
During the referendum campaign Boris Johnson claimed Brexit would see hundreds of thousands of new jobs created in the UK.
However, according to new report by Frankfurt Main Finance, the relocation of financial services staff from London after Brexit will create of over 80,000 new jobs and an extra £176m in local tax revenues per year in Germany.
Liberal Democrat Brexit Spokesperson Tom Brake commented:
"Boris Johnson was right that Brexit will create thousands of new jobs, but it turns out they will be in Germany not the UK.
"This is a further humiliation for the Foreign Secretary, after he was forced to admit the UK will have to pay a hefty divorce bill to the EU.
"Yet another one of the Brexiteers' promises has ended up on the scrapheap.
"If the Conservatives were serious about standing up for Britain, they would fight to stay in the single market and prevent a catastrophic loss of jobs and tax revenue."