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Why you might want to sell your earring backs... | Money blog

The price of gold means small items you have at home could be worth a lot more than you think. Read this, our latest Cheap Eats interview and all the day's personal finance and consumer news in the Money blog.

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Why this month could be the best time to sell your home

February could be the best month to get your home sold, according to analysis by Rightmove. 

Looking at millions of properties listed for sale over 10 years, the property site found that sellers were most likely to successfully find a buyer this month. 

Seven in 10 homes listed for sale in February found a buyer, the research found. 

January, typically when activity starts ramping up after a quieter Christmas period, and March, the popular Spring selling month, tied for second place, with 68.8% of homes listed for sale going on to find a buyer. 

October came bottom of the list, but 65.4% of homes listed in this month still managed to find a buyer. 

In other metrics, January was identified as the quickest month to sell a home on average. 

Homes listed for sale in January found a buyer in around 47 days. February was the next quickest at 48 days. 

Colleen Babcock, Rightmove's property expert, says: "It's a tight contest, but on average February is the best month to get your home sold, followed by further strong months during the upcoming and very important Spring home-moving season. 

"Sellers who are yet to act but are considering a 2026 move might consider coming to market soon to take advantage of the increase in home-buyer activity." 

Why you might want to sell your earring backs...

Britons have been told to search their drawers to take advantage of the price of gold. 

"Gold has gone up to such a high level that, really, even so much as an earring back could be worth money," Jim Tannahill, director of Suttons and Robertsons, London's oldest pawnbrokers, told Money. 

The price of gold has soared to record highs in the past year, buoyed by geopolitical uncertainty. It hit a record of $5,594.82 an ounce last week before suffering its steepest one-day fall since 1983 on Friday, but has rebounded since and is now around $5,050. 

Despite the dip, the price is significantly higher than this time last year, with investors flocking to safe-haven assets. 

That's pushed up the value of your gold at home, Tannahill said: "Tiny objects can really be worth quite a lot now, so do look in those drawers for things you never use." 

If you find an 18-carat earring back weighing one gram, "that's 80 odd pound", he said.

How will your gold be valued?

If you've seen headlines about the price of gold soaring past $5,000, don't think that's what your items will be valued on. 

First, that is the spot price for pure gold, so if you have a different carat, you need to take that into account. 

Second, the trade price of gold is less than the spot price, usually by around 2% or 3% less, Tannahill said.

Lastly, it is all quoted in dollars, so the price in sterling can vary depending on how the dollar is performing. 

Brokers will then factor in their margins, which can reduce it further. 

"High street pawn brokers will be offering a loan of somewhere between 50% and 75% of the price of gold. We are at the higher end, so we do 70% or 75% of the spot price of gold," Tannahill added. 

At the moment, that means an ounce of gold could allow you to borrow up to £2,750 or could be sold for around £3,350. 

Tannahill has seen an uptick in people wanting to sell gold, buoyed by news of soaring prices. 

"People start thinking about what's in the jewellery box, what's at the back of the drawer. All of a sudden, they've got a couple of sovereigns which are now worth £1,600 to £1,700," Tannahill said. 

"We're definitely seeing an increase in inquiries."

The most popular items sold were necklaces and rings, he said, which had "much higher intrinsic value than they did have as little as six months ago". 

Collectors will be looking for specific brands, so for watches, think Rolex or Patek Philippe and for jewellery, think Cartier, he said. 

Pieces from the 1920s or including coloured gemstones were also very popular, he added.

Items that are easy to sell, or collectables, will be kept by the pawnbroker, he said, but others will be melted down. 

Branded jewellery like Cartier, Tiffany and Van Cleef & Arpels would "definitely be polished and put in the window", he said. 

"If it's unbranded jewellery, more often than not, that's going to find its way back into the melting pot."

So what should you do if you think you have something valuable? 

The key is to research, according to Tannahill, who suggested taking an item to a few pawn brokers to compare prices.

You can work out a rough price by looking online and weighing your gold on the kitchen scales. 

But, he warned, you shouldn't rely on the information too much. 

"Not everything is always gold. Sometimes, links might have metal catches or there might be a component that is metal that might need to be factored in," he said. 

"Do a little bit of research before you sell anything." 

Two Scottish airports increase passenger drop-off charges

Glasgow and Aberdeen airports have increased the fees paid by drivers for dropping off and picking up passengers. 

Fifteen minutes of parking at both airports will now cost £7, up from £6 at Glasgow and £5.50 at Aberdeen. 

Drivers who stay longer than 15 minutes in the designated express drop-off zones will have to pay a "premium charge" on exit.

Every minute after the allotted time will be charged at £1. 

After 30 minutes, there will be a flat £50 fee to pay. 

AGS Airports, which operates both sites, blamed rising costs for the increases, but pointed out a free alternative: parking in the long-stay car park and taking a shuttle to the terminal. 

A spokesperson said: "We appreciate that this is not a popular decision; however, it is important the airport remains competitive and all money raised serves to strengthen our connectivity and help to attract new routes." 

London City, Gatwick, Heathrow and Bristol airports have also upped their drop-off prices this year.

Co-op's price-match comparison with Aldi misled customers, regulator finds

A Co-op website advertising a price-match scheme with Aldi was misleading for failing to compare similar products, the UK's advertising regulator has ruled.

The Advertising Standards Authority (ASA) started looking into the scheme after Aldi handed a list of 45 items used by the Co-op in an ad promoting its offer last August.

Aldi did not believe these were fair comparisons.

Just to fill the gap here, the ad stated:

"Everyday Essentials price matched to Aldi"

And, in smaller text, it added:

"We match the prices of certain Co-op products against comparable products available at Aldi." 

Here's how it looked...

The ASA did actually find there were products that were an exact match, both in variant and size - such as the Seeded Loaf, Tiger Bloomer, White Toastie Loaf and Wholemeal Loaf.

Some products, however, were matched to similar alternatives where no identical product was sold at Aldi.

This included:

  • Co-op's Linguini Pasta with Aldi's Cucina Spaghetti;
  • Co-op's Summer Fruits Flavoured Still Spring Water with Aldi's Apple & Blackcurrant Flavoured Still Water;
  • and Co-op Meaty Chunks in Jelly with Turkey with Aldi's Earls Meaty Chunks with Chicken in Jelly.

The ASA also found, in some cases, products were compared with a less similar alternative. That's despite a closer match sold elsewhere by Aldi.

One such example was Co-op matching their Wholemeal Farmhouse Loaf with an Aldi White Farmhouse Loaf.

Co-op said Aldi did not sell a Wholemeal Farmhouse Loaf and that the bread being a "farmhouse" style was a more significant detail than the loaf being wholemeal.

Here's what the ASA had to say:

"...because Aldi's nearest comparable individual product had not always been selected by Co-op for inclusion in the price match, and because no sufficiently prominent information was provided or adequately signposted to explain how products were deemed 'comparable', and to verify the claim, we concluded that the basis of the comparison had not been made clear and that the ad was therefore misleading."

A Co-op spokesman said they ensure "the product comparisons utilised in our Aldi price-match offer are presented clearly on our website to enable shoppers to easily verify the matches". 

"In response to the ruling, we have now made changes to our T&Cs online," they added.

'Look beyond the label'

Retail editor at consumer rights group Which?, Reena Sewraz, said Aldi "almost always comes out as the cheapest supermarket in our monthly pricing analysis".

"...so price-match schemes can sound like a win for shoppers, especially for those who don't have an Aldi nearby or prefer to shop elsewhere," she added.

"But this ASA ruling underlines why price-match claims should be treated with caution. Previous Which? research found that some price-matched products weren't like-for-like on ingredients, quality or pack size.

"Shoppers shouldn't assume a price match guarantees the same product or the best value - it pays to look beyond the label and check what you're really getting."

Pound rides high, but AI update sinks software companies

By Sarah Taaffe-Maguire, business and economics reporter

An AI update has again moved markets.

A new tool by a big tech-backed AI startup, Anthropic, caused a sharp sell-off of software companies' stock.

The company, part-owned by Google and Amazon, said it had developed a tool to automate legal research. It sparked fear the new product could do work that traditionally required paid databases.

Shares in companies that sell data analytics and decision-making tools to lawyers, banks and corporates fell sharply.

The London Stock Exchange Group, which sell data portals, had a 12% drop.

Other software-selling companies listed on the London Stock Exchange were also hit: Experian fell 7.5% and Sage lost 9.6%.

Meanwhile, the pound's doing well, buying €1.159, a high last seen in August, and $1.37, close to a more than four-year high. 

NatWest to close 32 bank branches

NatWest will close more than 30 bank branches this year and next.

The move comes as banks face increasing demand for their mobile and online services, with others like Lloyds Banking Group also closing branches.

The majority of NatWest's closures will take place in May and June of this year.

A NatWest spokesperson told Money: "Our branch network is a central part of how we serve customers, and we continue to invest in this for the future, with an increase in our investment into branches planned over the next three years. 

"However, how our customers choose to bank with us is changing, and our network and services need to reflect customer demand and ensure we are set up to deliver the best possible support."

Check if your local branch has been affected in the list below...

Asda loses place as UK's cheapest big shop supermarket for first time in two years

Asda has lost its place as the UK's cheapest supermarket for a big shop for the first time in more than two years, according to the latest Which? price rankings.

Tesco pipped it to first place by less than £2, with a trolley shop of 228 items costing £588.96 for Clubcard members, compared to Asda's £590.41. 

Without a Clubcard, the shop at Tesco was more expensive at £641.09. 

It's the first time Asda has fallen down the rankings since December 2024. 

Aldi and Lidl are not included in this "big shop" comparison as they have a smaller range of products. 

But Which? does analyse their prices for a smaller 89-item shop. 

In that ranking, Aldi came out as the cheapest, with the list of groceries costing £164.74. 

Lidl was £1.79 more expensive than its fellow discounter this month at £166.33 on average for members of its loyalty scheme Lidl Plus, or £166.53 for non-members. 

Waitrose was found to be the most expensive in both instances. 

'The question you should always ask when buying fish...'

On the first Wednesday of every month, we interview top chefs from around the UK, hearing about their cheap food hacks, views on the industry and more. This month, we speak to TV regular Mitch Tonks, founder and chief executive of the Rockfish restaurants.

Tinned seafood is like a time capsule... perfectly preserved fish that are bursting with flavour. A very good budget-friendly recipe is tinned sardines with tomatoes and tagliatelle - you don't need many ingredients, and it's super quick to make (and still incredibly tasty). Another favourite of mine is tinned mackerel shawarma: you shred cabbage, red onion and some green chilli and mix together, before grating garlic into some yoghurt and tossing the lot together. Lay out a flour tortilla and bread with some hummus, place the cabbage on top, then top with mackerel, a sprinkling of zaatar or cumin, a squeeze of lemon and wrap the whole thing up like a shawarma.

The best place in the world for seafood... is northern Spain. It is always somewhere that inspires me. I love the culture of eating in Sidrerias (cider bars), and they've actually had a huge influence on the interior design of our two newest Rockfish restaurants, in Salcombe and Lyme Regis. Porto in Portugal has also always stirred something in me - I love the outside grills where seafood gets the simple treatment, cooked over charcoal and served with seasonal vegetables and cold beer. Beautiful.

As a chef with a 25-year career in seafood, Brexit has done... nothing good for UK fishing. Our fishermen have lost access to key 12-mile limits, while French fleets continue to fish in our waters under extended rights. Exporting to Europe has become more expensive and tangled in red tape. And at the heart of it all is this uncomfortable truth: we don't eat our own fish. As long as we rely on Europe to buy what we land, we're always going to be on the back foot. The only real answer is simple: we need to start eating more of our own seafood, especially the primary species landed right here in the UK.

An underrated and cheap fish I love is... sardines! They're great pickled, fantastic grilled, wonderful on toast, and delicious in oils. That's why we've tinned them, it's a real art form. They're so versatile and incredibly affordable with immediate flavour.

One thing I always find fascinating about the seafood we eat is... how many incredible local species are underappreciated. As an island, we should be celebrating British seafood more - yet so many delicious fish, such as red mullet, gurnard and cuttlefish, rarely get the attention they deserve. They're incredibly versatile, and the best way to cook and enjoy them? Keep it simple. Don't overpower the fish - let it shine.

A tip for anyone buying seafood is... always ask where it comes from and make sure it's sustainably caught. Be curious about what's on your plate - it makes all the difference for flavour and for the future of our oceans.

Restaurateurs or chefs should stop... putting food on square plates, covering things in foam and producing overly-long tasting menus.

If I were prime minister for one day, I would... lower VAT to give businesses more oxygen. I would reverse seasonal national insurance. I would forget the introduction of the new employers' bill, which adds extra burden and complexity to doing business. If the government were to give businesses a level playing field, there would be more investment, more profits and ultimately more tax revenues.

One shop-bought item that can never be beaten by home cooks is... kewpie mayonnaise. It cannot be beaten.

Whenever I fancy a cheap eats place for a £15 meal or less, I go for a... fresh umami hit at Goto Japanese in Exeter. I can get four or five pieces of sushi or a bowl of their seafood ramen plus a tea for under £15 and it always feels like I've had something of great quality.

'Surrounded by a billion strangers': The risks from your child's first smartphone - and how to tackle them

As we sign off for the evening, we'll leave you with some topical evening reading about from the Money blog archive...

Supermarkets in talks to bring back top-up vouchers for little known government scheme

Supermarkets are discussing ways to bring back top-up vouchers for a government scheme that helps struggling families with the cost of healthy essentials. 

Bosses from Tesco, Sainsbury's, Asda and Aldi told MPs they were in talks with industry bodies about how to bring back the vouchers to boost the Healthy Start programme.

Oonagh Turnbull, head of health and sustainable diets at Tesco, told the Health and Social Care Committee the company was "actively involved in conversations with industry bodies to see what was possible". 

Nilani Sritharan, Sainsbury's head of healthy and sustainable diets, said the supermarket was willing to offer £2 top-ups to the scheme if some changes were made. 

The programme gives eligible parents a prepaid card worth £8.50 a week for children under one and £4.25 a week for pregnant mums and children from one to four. 

The card can be used to buy milk, vegetables, baby formula and vitamins. 

During the pandemic, retailers gave those families an extra £2 a week to spend. 

But they have since raised concerns that moving to a prepaid card, instead of using paper vouchers, has made it harder for them to police and identify the customers who need the top-up. 

Sritharan said Sainsbury's had already raised the issue with the government. 

Beth Fowler, senior manager for health and sustainable choice at Asda, told the committee: "Because it is a debit card, we cannot control for example, what customers are buying with that card and we have concerns around topping that up for customers and it not being used on the categories the government intend it to be used for."