The leading Brexiteer has put forward his “compromise” as the Prime Minister faces major divisions within her party over her Brexit plans, as well as reports of opposition from the EU.
Under Mr Rees-Mogg’s proposal, the UK would pay £20 billion to the EU, in what the chair of the influential European Research Group (ERG) has described as a “generous offer” to make Britain’s departure from the bloc as “amicable as possible”.
Writing for the Mail on Sunday, Mr Rees-Mogg said: “It is time for the Prime Minister to be true to her mantra that ‘no deal is better than a bad deal’.
“It is also time for convinced Brexiteers like me to compromise.
“So, at this late hour in the negotiations, we would like to make a new, generous offer to break the deadlock, to achieve a ‘No Deal Plus’.
“It would cost us money but it would finally dispel the ‘crash out’ Project Fear nightmare scenarios.”
The North East Somerset MP added: “As the PM stubbornly refuses to accept the comprehensive free-trade deal offered by the EU, colloquially known as Super Canada, the final hope must be that when she said no deal is better than a bad deal, she actually meant it.”
Mr Rees-Mogg’s latest intervention comes after Jo Johnson’s shock resignation as transport minister on Friday plunged Mrs May into further crisis, with speculation high that more ministers could follow Boris Johnson’s brother.
And the DUP has teamed up with Tory Brexiteers, warning they will vote against Mrs May’s Brexit deal.
Steve Baker, deputy chair of the ERG, and DUP’s Brexit spokesman Sammy Wilson insisted they would oppose a deal that breaks up the UK.
Writing in the Sunday Telegraph, they said: “If the Government makes the historic mistake of prioritising placating the EU over establishing an independent and whole UK, then, regrettably, we must vote against the deal.”
A Government source said: “The end part of negotiations were always going to be tough.
“There are a number of issues that need to be worked through on the Northern Ireland backstop and these are the most difficult.
“They include ensuring that, if it is ever needed, it is not permanent and there is a mechanism to ensure the UK could not be held in the arrangement indefinitely.”