Martin Lewis show stars GMB Nothing Martin Lewis

Martin Lewis warns panicking Brits to 'do nothing' over 'hideous' £500 gas hike

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Martin Lewis has told panicking Brits to "do nothing" and stay on their standard energy tariff while wholesale gas prices skyrocket and companies go bust.The finance wizard was back on the Martin Lewis Money Show on ITV on Thursday and said it is too late to get on a cheap fix now.You're better off on the current standard variable rate which is protected by the price cap until April next year when it is predicted to go up significantly.At the moment, Martin says the cheapest fix offered by an energy company is about £30 a week more than the standard variable rate."Do nothing and go onto to the price cap," he says.Giving advice to a worried ITV viewer who was coming to the end of their energy contract with a company, The GMB and This Morning.

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