Conservative MP Jacob Rees-Mogg says there could be another general election as soon as this autumn

Josh Martin
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George Osborne Presents The 2016 Budget Statement To The House Of Commons
Brexit would not lead to recession, says Jacob Rees-Mogg (Source: Getty)

There could be a general election in the autumn, Conservative MP and Leave campaigner Jacob Rees-Mogg has warned.

"I wouldn't rule out a new election altogether. It's complicated under the Fixed Term Parliament Act, but it's not impossible," he said.

His comments come as the Leave camp gained ground through the night. The possibility of Brexit led to the pound plunging to its lowest level in 31 years.

Read more: Britain inches towards Brexit, City braced for fallout: Live results

Under the terms of the Fixed Term Parliament Act, the next general election will take place in 2020.

​Rees-Mogg went on to predict that Brexit would not lead to recession.

Over 46.5m people were registered to vote in the third nationwide referendum in UK history.