Voting against the Budget would be "deeply irresponsible" and could topple the Government, Jacob Rees-Mogg has suggested in a warning to would-be Tory rebels.

Mr Rees-Mogg, the backbencher who has been touted as a potential Conservative leadership contender, said opposing parts of Philip Hammond’s financial plans would effectively constitute a “vote of no confidence” in the Government.

Mr Hammond is due to set out his Budget in one month’s time on November 22, and Tory MPs are reportedly considering voting against it in a bid to oust the under-fire Chancellor.

Mr Hammond has faced widespread criticism from Eurosceptics within his own party over his approach to Brexit with critics claiming he has not been sufficiently positive about the benefits of leaving the European Union.

Meanwhile, his description of the EU as the “enemy”, which he later apologised for, and reported plans to target pensioners in the Budget to pay for help for younger people are also believed to have upset some Tory MPs.