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Guto Bebb, an ex-minister, says quitting EU without an agreement would cause "generational" harm.
The Lib Dem leadership hopeful surprisingly suggested Labour leadership for what comes after no-deal Brexit.
Conservative MP Ken Clarke has said he would not reject an offer to become caretaker prime minister if it was "the only way" to stop a no-deal Brexit.
The Labour leader also said he would campaign for a second EU referendum with the option of Remaining in the EU
Labour leader insists he could lead a "strictly time-limited" national unity government to delay Brexit, call an election, and stop no deal on October 31.
Opposition MPs have been in private talks for weeks about a government of national unity.