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Jamie Wallis became the third Conservative MP to break ranks by calling for Liz Truss to quit Downing Street on Sunday night.
Mr Wallis, the MP for Bridgend and Porthcrawl since 2019, said Ms Truss had "undermined Britain’s economic credibility and fractured our party irreparably".
Sharing a letter to the Prime Minister on Twitter, he wrote: "Enough is enough. I have written to [her] to ask her to stand down as she no longer holds the confidence of this country."
And speaking to the Telegraph, Mr Wallis hinted he could quit the Tory party if Ms Truss remained in situ.
"Given what I wrote today, I think at the very least I would have to consider my position as a Conservative Member of Parliament," he said. "I could not say what I said today and then not have that chat with myself."
It came after Andrew Bridgen, the MP for North West Leicestershire, told the Telegraph: "We cannot carry on like this. Our country, its people and our party deserve better."
And earlier on Sunday, Crispin Blunt, the veteran MP for Reigate, urged the Prime Minister to resign "now" following her failed mini-Budget last month and weeks of fiscal turmoil.
Catch up with a momentous day of political drama below:
