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Asked how a new leader could get a better deal than Theresa May, Mr Rees-Mogg said: "I don't think Dominic Raab and David Davis had much say in this.

"We know full well... it was being run by Downing Street.

He also said he didn't see "much point" in a Brexit secretary "when it is all being run from Downing Street".

BBC Radio 5 live

Rory Stewart has apologised after making up a Brexit statistic during an interview on BBC Radio 5 Live.

Speaking to presenter Emma Barnett, the justice minister claimed that 80% of the British public supported the prime minister’s Brexit deal.

Pressed as to where he had got the information, he said: “I’m producing a number to illustrate what I believe.”

He later added, “I totally apologise and I take that back”.

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Asked who would make a better leader, Mr Rees-Mogg says the Conservartive Party is "full of talent".

"There are many, many people," he says.

"You have got Boris Johnson and David Davis. You have got Dominic Raab and Esther McVey. You have got Penny Mordaunt.

"You have streams of talent in the Conservative Party who would be very capable of leading a proper Brexit."

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Jacob Rees-Mogg again denies he has any desire for the top job.

"This is not Brexit," he says. "This is a failure of government policy.

"It needs to be rejected. It is nothing to do with personal ambition.

"I am not offering my name as leader. This is nothing to do with me.

"This is about not having confidence in the current leader and believing that the deal simply does not work."

The BBC's assistant political editor and political editor take in the scene:

House of Commons
Parliament

Leader of the House Andrea Leadsom is now delivering the Business Statement to MPs.

SNP MP Pete Wishart thanks Andrea Leadsom for still being in place as Leader of the House as "I had had her definitely down as a resigner today."

Andrea Leadsom says "I am staying in government because there is more work to be done to get the Brexit that the Prime Minister wants to deliver and I am determined to support her to do that."

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"It is nothing to do with the ambition of Brexiteers," says Jacob Rees-Mogg. "It is to do with ambition for Brexit and the country.

"Leaving the European Union is the most fantastic opportunity for the United Kingdom.

"It means we can have the opportunity of setting lower tariffs, cheaper food, clothing and footwear, helping the least well off in our society the most.

"This opportunity is being thrown away."

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Jacob Rees-Mogg said that "coup" is the wrong word, as he is following legitimate means to try and oust the PM.

"What has happened today is not Brexit," he continues. "The law to Leave has already been passed, the withdrawal act is through.

"But what we need is a leader to say to the European Union, it is impossible to divide up the United Kingdom, it is impossible to agree to a situation where we have a perpetual customs union, it is impossible to pay £39bn of taxpayers' money for a few promises which was meant to be £39bn for implementation of a deal, and it is impossible for us to allow the continuing jurisdiction of the European Court of Justice.

"The problem is that the negotiations have given way on all the key points."

Henry Smith, MP for Crawley, has handed in his letter of no confidence in Mrs May. (a reminder that 48 letters from Conservative MPs are needed to trigger a formal confidence vote)

Will we soon learn the name of Dominic Raab's replacement? Or will, as the Guardian's deputy political editor says she has heard, the department be disbanded?

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Jacob Rees-Mogg is giving a speech outside the Houses of Parliament.

He starts: "The policy does not meet what we promised out voters."

He said the Conservative Party position has specifically said that the UK would leave the customs union.

"It did not have any small print saying, 'oh unless we decide to have a backstop which is a permanent customs union that is harder to leave than leaving the European Union under Article 50'."

The second edition of the Evening Standard is reporting that Michael Gove has turned down an offer to be the new Brexit secretary.

The World at One
BBC Radio 4

Digital, Culture, Media and Sport Secretary Jeremy Wright says "we'll have to wait and see" as to whether Theresa May can get her proposed Brexit deal through the House of Commons.

He urges MPs to take the time to consider the deal properly and "think about what they believe to be in the best interests in the country...not just in isolation but in comparison to what the other realistic options are".

Speaking to BBC Radio 4's The World At One, he says he regrets that Dominic Raab felt the need to resign from his role as Brexit Secretary, "we've lost a good colleague from cabinet", but he disagrees with the suggestion that the deal risked the "integrity of the United Kingdom" and gave the EU a veto over the UK's "ability to exit".

Confirmation from the BBC's political editor that the 1922 committee is still short of enough letters to trigger a confidence vote in Mrs May.

House of Commons
Parliament

Labour MP Catherine West asks the prime minister why a number of Conservative members may be meeting with Graham Brady, chair of the 1922 committee, in Parliament right now.

The Speaker John Bercow says her question is "nothing to do with the statement" and Theresa May does not have to answer.

And with that, after three hours, Theresa May's Brexit statement comes to an end.

Select Committee
Parliament

Image source, HoL

Elsewhere in Parliament, the Foreign Secretary, Jeremy Hunt, is giving evidence to the Lords International Relations Committee.

At the outset, Lord Howell of Guildford, Committee Chair, said that this session would not discuss Brexit.

Mr Hunt has said that China is becoming a superpower, and that the UK "should be willing to be robust" against China if it were necessary. US defence spending on NATO has been discussed, as well as the defence of human rights internationally and how the UK can lean on other countries to change their attitudes.

The importance of soft power being employed by countries around the world has been talked about, as well as Russia's increasing policy of 'sowing chaos' internationally.

Jacob Rees-Mogg has handed in his letter of no-confidence to Sir Graham Brady, chairman of the 1922 Committee, saying Mrs May's Brexit deal "has turned out to be worse than anticipated and fails to meet the promises given to the nation by the prime minister".