The U.K. government won't hesitate to take further measures to revive lending, Prime Minister Gordon Brown said Wednesday.

"We will not hesitate to look at other measures that are necessary to" get lending going again, he said during a weekly question and answer session in parliament.

Brown said the government is monitoring on a weekly basis the banks the government has invested in to make sure they are meeting their commitment of maintaining lending at 2007 levels.

Brown also said the government is hoping to see building societies put in place a moratorium on repossessions.

He also underlined that the government was prepared to "back financially measures that will allow people to extend their mortgages at a time of difficulty."

The government announced earlier this month a scheme that would allow some borrowers to defer a proportion of their interest payments for up to two years, with the government underwriting some of the lenders' risk of losses.

Brown also reiterated that the government is prepared to offer support to the auto sector, on top of Wednesday's announcement of billions of pounds worth of loan guarantees and other support for small and medium-sized businesses.

He said the two challenges the industry faces are the sharp drop in demand and the difficulty at credit financing arms which make loans for car purchases.

"We have to look at what we can do to make sure that the (auto credit) market doesn't freeze," he said."In other words, we will do what we can to help."

-By Laurence Norman, Dow Jones Newswires, +44 207 842 9498; laurence.norman@dowjones.com

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