Leonard Dowdle

By Lawrence Delevingne and Douglas Gillison WASHINGTON, April 12 (Reuters) - A second Trump White House would seek to sharply reduce the power of U.S. financial regulators, according to a review of public documents and interviews with people allied with the former president. In the wake of the worst economic crisis since the Great Depression, Congress dramatically expanded the U.S. government's oversight of the financial industry to prevent a repeat of the 2008 global banking meltdown. Donald Trump would likely renew his efforts to scale back those reforms, if elected, as well as pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny, according to the interviews and proposals from groups positioned to influence a new conservative administration. Reuters spoke with, among others, about a dozen people who have provided advice or been consulted by Trump or his allies. The Republican Party´s presumptive nominee has not announced a formal policy staff or released detailed positions on how he would regulate Wall Street, aside from short videos and snippets in campaign appearances. But, the sources told Reuters, a constellation of experts and Trump allies are pitching regulatory rewrites, identifying potential staff and floating ideas on TV, in op-eds and directly to Trump at his Mar-a-Lago Club in Palm Beach, Florida. Some of the ideas in Trump´s current policy orbit have long circulated in conservative economic conversation. They include curtailing the Dodd-Frank Act, a set of post-2008 financial crisis rules intended to reduce systemic risk. Another idea is to make it easier for private companies to raise capital - in turn opening access to less transparent and more difficult-to-trade private funds and securities. More recent policy ideas include attacking environmental, social and governance (ESG) investments and disclosures, which help screen businesses based on socially conscious factors, https://nhanlambangcap24h.com/ or potential dramatic cuts to staff at regulators through a mechanism known as Schedule F, which would reclassify up to 50,000 civil servants across the government as easily-replaceable political appointees. Karoline Leavitt, national press secretary for the Trump campaign, said Trump had success in peeling back regulations during his administration. "President Trump's pro-growth, deregulatory agenda ignited the greatest economy in history," Leavitt said in an email to Reuters. The Trump administration, with mixed success, worked to reverse a range of Obama-era rules, such as those that eased regulations for Wall Street banks or "fiduciary" rules for brokers. Excluding the immediate effects of the coronavirus pandemic, official data show unemployment at its lowest since the 1960s under both Trump and Biden. Though pandemic and other distortions can make comparisons difficult, in inflation-adjusted terms the U.S. economy grew more slowly in Trump´s first three years in office (8.1%) than under Biden (10.6%), according to Commerce Department data. Michael Faulkender, a former Trump Treasury official, has called publicly for scrapping bank stress testing under the 2010 Dodd-Frank Act in favor of stronger capital requirements, saying that requiring banks to pass the same set of evaluations leaves the system open to collapse if they all run into the same problems at once. He is now chief economist at the America First Policy Institute (AFPI), which was founded by former Trump officials. Asked about his policy positions, Faulkender pointed to his previous writing about ESG investing. "As the academic literature has documented, ESG is too much in the eye of the beholder," he told Reuters. "Therefore, it can and has been used to deviate from the fiduciary duty that money managers have to their clients, and it has distracted financial supervisors from the safety and soundness criteria that should be used in ensuring the ongoing strength of the U.S. financial system." TARGETING CLIMATE CHANGE RULES Robert Bowes, a former Trump appointee who has worked with the conservative Heritage Foundation, has called for the abolition of the Consumer Financial Protection Bureau - created by the Dodd-Frank Act to police the lending industry at the federal level - and referred to the Securities and Exchange Commission as an "unaccountable meddling shakedown agency" that "uses its regulation to target political enemies, to ram through woke and radical green agenda." In an email, Bowes told Reuters he was "very concerned about the disastrous bank regulation and economic policies by the Biden administration." Asked about that characterization and others about burdensome regulations, a Biden White House spokesperson said congressional Republicans have pushed to continue Trump-era policies by "gutting life-saving regulations and legalizing predatory business practices, thereby increasing risks to the financial system and the economy. It´s unclear what ideas Trump will take up, and what can become settled policy. But taken together, the ideas being promoted in conservative circles would overturn key aspects of current financial regulation. The changes would reverse reforms ranging from investor protections to risk management by the biggest banks, Brian D. Feinstein, an expert on financial regulation at the University of Pennsylvania´s Wharton School, said of the policy proposals being floated for a second Trump administration. "It would upend the U.S.'s entire system of financial regulation," he said. Campaign spokeswoman Leavitt characterized Biden´s administration as engaging in a "massive push to increase burdensome regulations, especially on our energy and auto industries." The Biden administration has pushed regulations to spur the use of electric vehicles and renewable energy sources, in addition to seeking fair lending requirements, increased investor disclosures and bank capital hikes. Trump has repeatedly said he wants much less regulation than now exists. A person who regularly speaks with him on economic matters said Trump would be "sure" to "go after all of this climate change stuff," likely a nod to new corporate climate risk disclosure rules and ESG investments. Feinstein, the Wharton professor, said that some of the proposed policies from Trump´s allies would need to go through Congress, such as limiting the Dodd-Frank Act, making their fortunes uncertain. That will depend on the outcome of November´s elections in the U.S. Senate and House of Representatives. Currently, Democrats control the Senate and Republicans have a narrow House majority. But agencies like the Securities and Exchange Commission, whose five-person bipartisan commission is appointed by the White House (usually one each year) and approved by the Senate, would have power to push through other proposals, such as those related to environmental reporting, Feinstein said. And bureaucratic changes such as expanding the definition of political appointees through Schedule F could have a major effect on financial regulators by removing job protections for many career professionals, compelling them to pursue the president´s preferences rather than their own independent judgment, he added. The Biden administration has maneuvered to slow such a move by Trump should he return to office. Even if Trump loses the election, the judicial appointments from his 2017-2021 presidency could change the legal landscape for the Consumer Financial Protection Bureau and the Securities and Exchange Commission, with the Supreme Court considering challenges to the power of those agencies to issue regulations. THINK TANK TRANSITION The Heritage Foundation, the influential Washington-based conservative think tank, has positioned itself as central to getting the agenda through regardless. Heritage´s preparations, dubbed "Project 2025," include a more-than-900-page book of policy ideas and an expansive database of pre-screened personnel. The group has compiled policy recommendations since the Reagan era, but the latest edition includes more detail on financial regulation than in 2016. Among Heritage´s policy authors is Stephen Moore, a conservative economist and longtime advisor to Trump who recently pitched him at Mar-a-Lago on candidates to lead the Federal Reserve. Moore proposes a transformation of the U.S. Department of the Treasury that would slash the Internal Revenue Service´s budget and terminate employees who have participated in diversity initiatives, among other things. Moore told Reuters he´d like to see "less of the regulators sticking their fingers in all these financial transactions, especially in areas like banking regulation," singling out bank capital requirements in particular. A spokesperson at Heritage declined to comment. The America First Policy Institute, the nascent think tank led by Trump White House strategist Brooke Rollins, is also angling for influence. The group is home to more than 50 former Trump administration officials and staff, including Larry Kudlow, the FOX Business Network host and former White House economic adviser who remains close to Trump; Faulkender, who led the Covid-era Paycheck Protection Program at Treasury; and Robert Lighthizer, the former U.S. Trade Representative. The group has also written a high-level policy agenda and is "crafting action-oriented plans for each federal department and agency" as part of the "America First Transition Project." A spokesman for AFPI said in an email that its Transition Project "is focused on unleashing American prosperity by implementing the America First Agenda." Lighthizer did not respond to a request for comment. POTENTIAL PERSONNEL Steven Cheung, the Trump campaign´s communications director, said in an emailed statement that there has been "no discussion" of potential personnel. But during a January campaign speech, Trump floated billionaire investor and donor John Paulson as a potential Treasury Secretary. Paulson has said he supports the "reduction of unnecessary regulation"; on Saturday, he hosted other major donors and Trump at his Palm Beach home, raising $50.5 million, according to the campaign. Trump wants Paulson to lead Treasury, and if not him, Scott Bessent, another investor and campaign contributor, according to a source familiar with internal conversations among Trump and his advisers. Former SEC Chair Jay Clayton is among other potential candidates for Trump´s Treasury team, according to two sources familiar with the situation, but considered a long shot. The consideration of Paulson, Bessent and Clayton was previously reported by Bloomberg and The Wall Street Journal. Clayton, in an email to Reuters, said only that he expected the financial team in a new Trump administration would be similar to the first, which he said was "focused on lifting real wages, facilitating growth through domestic investment, and providing strong long term returns for retirees." Paulson, in a statement to Reuters, said, "It´s too early to discuss any positions in President Trump´s administration." Bessent did not respond to a request for comment. (Reporting by Lawrence Delevingne and Douglas Gillison. Additional reporting from Steve Holland, Gram Slattery and Nathan Layne. Editing by Tom Lasseter and Claudia Parsons.)

By Lawrence Delevingne and Douglas Gillison WASHINGTON, April 12 (Reuters) - A second Trump White House would seek to sharply reduce the power of U.S. financial regulators, according to a review of public documents and interviews with people allied with the former president. In the wake of the worst economic crisis since the Great Depression, Congress dramatically expanded the U.S. government's oversight of the financial industry to prevent a repeat of the 2008 global banking meltdown. Donald Trump would likely renew his efforts to scale back those reforms, if elected, as well as pare protections for small-scale investors and borrowers, and allow companies to raise money with less scrutiny, according to the interviews and proposals from groups positioned to influence a new conservative administration. Reuters spoke with, among others, about a dozen people who have provided advice or been consulted by Trump or his allies. The Republican Party´s presumptive nominee has not announced a formal policy staff or released detailed positions on how he would regulate Wall Street, aside from short videos and snippets in campaign appearances. But, the sources told Reuters, a constellation of experts and Trump allies are pitching regulatory rewrites, identifying potential staff and floating ideas on TV, in op-eds and directly to Trump at his Mar-a-Lago Club in Palm Beach, Florida. Some of the ideas in Trump´s current policy orbit have long circulated in conservative economic conversation. They include curtailing the Dodd-Frank Act, a set of post-2008 financial crisis rules intended to reduce systemic risk. Another idea is to make it easier for private companies to raise capital - in turn opening access to less transparent and more difficult-to-trade private funds and securities. More recent policy ideas include attacking environmental, social and governance (ESG) investments and disclosures, which help screen businesses based on socially conscious factors, or potential dramatic cuts to staff at regulators through a mechanism known as Schedule F, which would reclassify up to 50,000 civil servants across the government as easily-replaceable political appointees. Karoline Leavitt, national press secretary for the Trump campaign, said Trump had success in peeling back regulations during his administration. "President Trump's pro-growth, deregulatory agenda ignited the greatest economy in history," Leavitt said in an email to Reuters. The Trump administration, with mixed success, worked to reverse a range of Obama-era rules, such as those that eased regulations for Wall Street banks or "fiduciary" rules for brokers. Excluding the immediate effects of the coronavirus pandemic, https://nhanlambangcap24h.com/ official data show unemployment at its lowest since the 1960s under both Trump and Biden. Though pandemic and other distortions can make comparisons difficult, in inflation-adjusted terms the U.S. economy grew more slowly in Trump´s first three years in office (8.1%) than under Biden (10.6%), according to Commerce Department data. Michael Faulkender, a former Trump Treasury official, has called publicly for scrapping bank stress testing under the 2010 Dodd-Frank Act in favor of stronger capital requirements, saying that requiring banks to pass the same set of evaluations leaves the system open to collapse if they all run into the same problems at once. He is now chief economist at the America First Policy Institute (AFPI), which was founded by former Trump officials. Asked about his policy positions, Faulkender pointed to his previous writing about ESG investing. "As the academic literature has documented, ESG is too much in the eye of the beholder," he told Reuters. "Therefore, it can and has been used to deviate from the fiduciary duty that money managers have to their clients, and it has distracted financial supervisors from the safety and soundness criteria that should be used in ensuring the ongoing strength of the U.S. financial system." TARGETING CLIMATE CHANGE RULES Robert Bowes, a former Trump appointee who has worked with the conservative Heritage Foundation, has called for the abolition of the Consumer Financial Protection Bureau - created by the Dodd-Frank Act to police the lending industry at the federal level - and referred to the Securities and Exchange Commission as an "unaccountable meddling shakedown agency" that "uses its regulation to target political enemies, to ram through woke and radical green agenda." In an email, Bowes told Reuters he was "very concerned about the disastrous bank regulation and economic policies by the Biden administration." Asked about that characterization and others about burdensome regulations, a Biden White House spokesperson said congressional Republicans have pushed to continue Trump-era policies by "gutting life-saving regulations and legalizing predatory business practices, thereby increasing risks to the financial system and the economy. It´s unclear what ideas Trump will take up, and what can become settled policy. But taken together, the ideas being promoted in conservative circles would overturn key aspects of current financial regulation. The changes would reverse reforms ranging from investor protections to risk management by the biggest banks, Brian D. Feinstein, an expert on financial regulation at the University of Pennsylvania´s Wharton School, said of the policy proposals being floated for a second Trump administration. "It would upend the U.S.'s entire system of financial regulation," he said. Campaign spokeswoman Leavitt characterized Biden´s administration as engaging in a "massive push to increase burdensome regulations, especially on our energy and auto industries." The Biden administration has pushed regulations to spur the use of electric vehicles and renewable energy sources, in addition to seeking fair lending requirements, increased investor disclosures and bank capital hikes. Trump has repeatedly said he wants much less regulation than now exists. A person who regularly speaks with him on economic matters said Trump would be "sure" to "go after all of this climate change stuff," likely a nod to new corporate climate risk disclosure rules and ESG investments. Feinstein, the Wharton professor, said that some of the proposed policies from Trump´s allies would need to go through Congress, such as limiting the Dodd-Frank Act, making their fortunes uncertain. That will depend on the outcome of November´s elections in the U.S. Senate and House of Representatives. Currently, Democrats control the Senate and Republicans have a narrow House majority. But agencies like the Securities and Exchange Commission, whose five-person bipartisan commission is appointed by the White House (usually one each year) and approved by the Senate, would have power to push through other proposals, such as those related to environmental reporting, Feinstein said. And bureaucratic changes such as expanding the definition of political appointees through Schedule F could have a major effect on financial regulators by removing job protections for many career professionals, compelling them to pursue the president´s preferences rather than their own independent judgment, he added. The Biden administration has maneuvered to slow such a move by Trump should he return to office. Even if Trump loses the election, the judicial appointments from his 2017-2021 presidency could change the legal landscape for the Consumer Financial Protection Bureau and the Securities and Exchange Commission, with the Supreme Court considering challenges to the power of those agencies to issue regulations. THINK TANK TRANSITION The Heritage Foundation, the influential Washington-based conservative think tank, has positioned itself as central to getting the agenda through regardless. Heritage´s preparations, dubbed "Project 2025," include a more-than-900-page book of policy ideas and an expansive database of pre-screened personnel. The group has compiled policy recommendations since the Reagan era, but the latest edition includes more detail on financial regulation than in 2016. Among Heritage´s policy authors is Stephen Moore, a conservative economist and longtime advisor to Trump who recently pitched him at Mar-a-Lago on candidates to lead the Federal Reserve. Moore proposes a transformation of the U.S. Department of the Treasury that would slash the Internal Revenue Service´s budget and terminate employees who have participated in diversity initiatives, among other things. Moore told Reuters he´d like to see "less of the regulators sticking their fingers in all these financial transactions, especially in areas like banking regulation," singling out bank capital requirements in particular. A spokesperson at Heritage declined to comment. The America First Policy Institute, the nascent think tank led by Trump White House strategist Brooke Rollins, is also angling for influence. The group is home to more than 50 former Trump administration officials and staff, including Larry Kudlow, the FOX Business Network host and former White House economic adviser who remains close to Trump; Faulkender, who led the Covid-era Paycheck Protection Program at Treasury; and Robert Lighthizer, the former U.S. Trade Representative. The group has also written a high-level policy agenda and is "crafting action-oriented plans for each federal department and agency" as part of the "America First Transition Project." A spokesman for AFPI said in an email that its Transition Project "is focused on unleashing American prosperity by implementing the America First Agenda." Lighthizer did not respond to a request for comment. POTENTIAL PERSONNEL Steven Cheung, the Trump campaign´s communications director, said in an emailed statement that there has been "no discussion" of potential personnel. But during a January campaign speech, Trump floated billionaire investor and donor John Paulson as a potential Treasury Secretary. Paulson has said he supports the "reduction of unnecessary regulation"; on Saturday, he hosted other major donors and Trump at his Palm Beach home, raising $50.5 million, according to the campaign. Trump wants Paulson to lead Treasury, and if not him, Scott Bessent, another investor and campaign contributor, according to a source familiar with internal conversations among Trump and his advisers. Former SEC Chair Jay Clayton is among other potential candidates for Trump´s Treasury team, according to two sources familiar with the situation, but considered a long shot. The consideration of Paulson, Bessent and Clayton was previously reported by Bloomberg and The Wall Street Journal. Clayton, in an email to Reuters, said only that he expected the financial team in a new Trump administration would be similar to the first, which he said was "focused on lifting real wages, facilitating growth through domestic investment, and providing strong long term returns for retirees." Paulson, in a statement to Reuters, said, "It´s too early to discuss any positions in President Trump´s administration." Bessent did not respond to a request for comment. (Reporting by Lawrence Delevingne and Douglas Gillison. Additional reporting from Steve Holland, Gram Slattery and Nathan Layne. Editing by Tom Lasseter and Claudia Parsons.)

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When Victoria Beckham sits down at the table in the opulent London restaurant where she will celebrate her 50th birthday next week in the company of her nearest and dearest, she will do so with a very wide smile on her face. As a woman who for decades didn't have the confidence to crack a grin in public, this milestone is one of the most poignant in her life. Finally, after years of worrying what others thought of her and the global scrutiny she has endured, she simply no longer gives a damn. Friends of the fashion designer, still affectionately known as Posh Spice, say that she is 'quietly content' with her life. And despite her wealth of around £365million, her favourite present is one money cannot buy - to have all her children in the same room together - something which, say sources close to the family, 'hardly ever happens any more'. For that reason alone, next Wednesday, the day of her birthday, is special. She will be joined for a small 'family' day by her four children - some of whom are flying in from America to watch her blow out her candles. Brooklyn Beckham and his actress wife Nicola Peltz celebrate their wedding anniversary with his parents David  and Victoria last year Two years ago they were barely on speaking terms but the Mail can reveal that Nicola genuinely sees Victoria as her second mother For Victoria there is one guest who it really will warm her heart to see - daughter-in-law Nicola  'Repairing that fallout is something that Victoria is immensely proud of, and it brings her so much joy that she will be part of these celebrations,' said a friend Brooklyn, 25, and his wife Nicola will fly 5,000 miles from Los Angeles to be at her side, as will her youngest son Cruz, 19, who has also moved out there to further his music career. Romeo, 21, has cleared his diary and Harper, 12, their only daughter, will be joining when she finishes the school day. 'It will be a small, intimate, family gathering, and it is literally the best present that she could have,' said the friend. 'It will be close to their London home. David has pulled a few surprises but what Victoria really wants is to be surrounded by her loved ones. 'The kids are staying for a few days, which Victoria loves, and they will all join her at her posh dinner on Saturday night.' The family will be joined by a group of close friends for this. While the guest list will be selective, I'm told to expect some 'well known names' including her best friend Tana Ramsay and her husband Gordon. Actress Eva Longoria is also expected to fly in from America and 'one or two' of the Spice Girls might make an appearance. But, say sources, it won't be a 'circus'. 'The champagne will be flowing, as will the tequila but it won't be a big bash,' said the friend. 'Despite what people think, Victoria isn't a showy, flashy person and she doesn't have crowds of mates, just special ones who she wants to spend her big day with.' For Victoria, though, there is one guest who it really will warm her heart to see - daughter-in-law Nicola Peltz. 'Victoria takes the view that she's 50 and if her husband still loves her bum then she's delighted,' I'm told 'Her birthday will be a small, intimate, family gathering, and it is literally the best present that she could have,' said a friend On July 4 Victoria and David will celebrate another huge milestone - their 25th wedding anniversary Two years ago, the women were not on speaking terms after Brooklyn and Nicola's wedding in April 2022, and Victoria and David both feared that they could lose Brooklyn over the feud. Speculation over the cause of the rift was rife, but it appeared that problems began after it emerged that Victoria didn't have time to make Nicola's wedding dress. Instead, the bride wore Valentino - and later gave an interview insisting that her choice of designer was not intended to be a slight against her future mother-in-law. But today, things couldn't be more different. In fact, the Mail can reveal that Nicola genuinely sees Victoria as her second mother. 'Nicola comes from a huge [extended] family and as such her mum has lots of different children to attend to,' says a friend. 'Nicola has formed this beautiful bond with Victoria, Nicola is literally like her own daughter. 'Repairing that fallout is something that Victoria is immensely proud of, and it brings her so much joy that she will be part of these celebrations. To have her there is a wonderful gift.' As for the birthday girl's outfit, there's also good news for Victoria - she will almost certainly be out of her surgical boot. She broke her foot after taking a tumble in the gym on Valentine's Day and has since had to wear the unsightly equipment while she recovers. The Mail has been told that the break has been difficult to heal because she is so 'active'. As a result, David, 48, hilariously gifted her a £300 KneeRover mobility bike, designed to make sure she keeps pressure off her left leg, giving it the best chance to be ready for her big day. 'One or two' of the Spice Girls might make an appearance for the birthday celebrations. But, say sources, it won't be a 'circus' Victoria, known as Posh Spice, and the other Spice Girls meet the Queen after the Royal Variety Performance at the London Palladium in 1997 Victoria has been spotted limping to and from fashion shows and dinners on crutches wearing one shoe - sometimes high-heeled - with the other in a boot. While friends say she took her injury 'very much in her stride', they also insist she is determined to look her best for her 50th and is willing to do whatever it takes to arrive at her celebrations with both feet in her trademark high heels. 'It has been a really frustrating time for Victoria and she has been seeing medical experts a lot recently so they can see what progress it is making,' said a friend. 'But at the moment she is pretty confident that she will be back in her stilettoes in time for https://nhanlambangcap24h.com/ her party. Victoria, and of course David who has been so invested in its fixing too, have literally everything crossed.' It would be the final piece of her 50th birthday jigsaw. As well as mending her family rift with Brooklyn and Nicola, she is thrilled to have turned a financial corner with her fashion company. In December she recorded how she has turned a profit for the first time in 15 years - with the help of sales of an £890 clutch bag, a £30 eyeliner and a carefully orchestrated social media strategy which sees her post make-up tutorial videos on TikTok which are watched by millions. It is something she is said to be 'very proud of.' On July 4, Victoria and David will celebrate another huge milestone - their 25th wedding anniversary. They first got together when Victoria was in the Spice Girls and David played for Manchester United, and few thought it would last the test of time. However despite some lows - including David's alleged fling with personal assistant Rebecca Loos in 2004 while he was playing for Real Madrid - it has become one of the longest lasting marriages in showbusiness and plans are afoot for yet another bash of sorts. For today, friends say, their marriage is better than ever. As their accumulated 120 million Instagram followers can attest, the couple enjoy their time together, particularly at weekends, at their converted barn in the Cotswolds Village of Great Tew. Recently, Victoria posted a video of the former England captain changing a lightbulb, zooming in on his bottom as she filmed him. He has done the same to her and, while there were times in the past when she would not have been amused, now she couldn't love it more. 'Victoria takes the view that she's 50 and if her husband still loves her bum then she's delighted,' I'm told. 'It kind of sums up their relationship. They are content and happy, they laugh a lot, which has been one of the keys to making it work. It would not be a lie to say that they are in a better place than ever. And that delights Victoria.' She also feels blessed to still have both her parents, Tony and Jackie, as well as her in-laws, Ted and Sandra.

When Victoria Beckham sits down at the table in the opulent London restaurant where she will celebrate her 50th birthday next week in the company of her nearest and dearest, she will do so with a very wide smile on her face. As a woman who for decades didn't have the confidence to crack a grin in public, this milestone is one of the most poignant in her life. Finally, after years of worrying what others thought of her and the global scrutiny she has endured, she simply no longer gives a damn. Friends of the fashion designer, still affectionately known as Posh Spice, say that she is 'quietly content' with her life. And despite her wealth of around £365million, her favourite present is one money cannot buy - to have all her children in the same room together - something which, say sources close to the family, 'hardly ever happens any more'. For that reason alone, next Wednesday, the day of her birthday, is special. She will be joined for a small 'family' day by her four children - some of whom are flying in from America to watch her blow out her candles. Brooklyn Beckham and his actress wife Nicola Peltz celebrate their wedding anniversary with his parents David  and Victoria last year Two years ago they were barely on speaking terms but the Mail can reveal that Nicola genuinely sees Victoria as her second mother For Victoria there is one guest who it really will warm her heart to see - daughter-in-law Nicola  'Repairing that fallout is something that Victoria is immensely proud of, and it brings her so much joy that she will be part of these celebrations,' said a friend Brooklyn, 25, and his wife Nicola will fly 5,000 miles from Los Angeles to be at her side, as will her youngest son Cruz, 19, who has also moved out there to further his music career. Romeo, 21, has cleared his diary and Harper, 12, their only daughter, will be joining when she finishes the school day. 'It will be a small, intimate, family gathering, and it is literally the best present that she could have,' said the friend. 'It will be close to their London home. David has pulled a few surprises but what Victoria really wants is to be surrounded by her loved ones. 'The kids are staying for a few days, which Victoria loves, and they will all join her at her posh dinner on Saturday night.' The family will be joined by a group of close friends for this. While the guest list will be selective, I'm told to expect some 'well known names' including her best friend Tana Ramsay and her husband Gordon. Actress Eva Longoria is also expected to fly in from America and 'one or two' of the Spice Girls might make an appearance. But, say sources, it won't be a 'circus'. 'The champagne will be flowing, as will the tequila but it won't be a big bash,' said the friend. 'Despite what people think, Victoria isn't a showy, flashy person and she doesn't have crowds of mates, just special ones who she wants to spend her big day with.' For Victoria, though, there is one guest who it really will warm her heart to see - daughter-in-law Nicola Peltz. 'Victoria takes the view that she's 50 and if her husband still loves her bum then she's delighted,' I'm told 'Her birthday will be a small, intimate, family gathering, and it is literally the best present that she could have,' said a friend On July 4 Victoria and David will celebrate another huge milestone - their 25th wedding anniversary Two years ago, the women were not on speaking terms after Brooklyn and Nicola's wedding in April 2022, and Victoria and David both feared that they could lose Brooklyn over the feud. Speculation over the cause of the rift was rife, but it appeared that problems began after it emerged that Victoria didn't have time to make Nicola's wedding dress. Instead, the bride wore Valentino - and later gave an interview insisting that her choice of designer was not intended to be a slight against her future mother-in-law. But today, things couldn't be more different. In fact, the Mail can reveal that Nicola genuinely sees Victoria as her second mother. 'Nicola comes from a huge [extended] family and as such her mum has lots of different children to attend to,' says a friend. 'Nicola has formed this beautiful bond with Victoria, Nicola is literally like her own daughter. 'Repairing that fallout is something that Victoria is immensely proud of, and it brings her so much joy that she will be part of these celebrations. To have her there is a wonderful gift.' As for the birthday girl's outfit, there's also good news for Victoria - she will almost certainly be out of her surgical boot. She broke her foot after taking a tumble in the gym on Valentine's Day and has since had to wear the unsightly equipment while she recovers. The Mail has been told that the break has been difficult to heal because she is so 'active'. As a result, David, 48, hilariously gifted her a £300 KneeRover mobility bike, designed to make sure she keeps pressure off her left leg, giving it the best chance to be ready for her big day. 'One or two' of the Spice Girls might make an appearance for the birthday celebrations. But, say sources, it won't be a 'circus' Victoria, known as Posh Spice, and the other Spice Girls meet the Queen after the Royal Variety Performance at the London Palladium in 1997 Victoria has been spotted limping to and from fashion shows and dinners on crutches wearing one shoe - sometimes high-heeled - with the other in a boot. While friends say she took her injury 'very much in her stride', they also insist she is determined to look her best for her 50th and is willing to do whatever it takes to arrive at her celebrations with both feet in her trademark high heels. 'It has been a really frustrating time for Victoria and she has been seeing medical experts a lot recently so they can see what progress it is making,' said a friend. 'But at the moment she is pretty confident that she will be back in her stilettoes in time for her party. Victoria, and of course David who has been so invested in its fixing too, have literally everything crossed.' It would be the final piece of her 50th birthday jigsaw. As well as mending her family rift with Brooklyn and Nicola, she is thrilled to have turned a financial corner with her fashion company. In December she recorded how she has turned a profit for the first time in 15 years - with the help of sales of an £890 clutch bag, a £30 eyeliner and a carefully orchestrated social media strategy which sees her post make-up tutorial videos on TikTok which are watched by millions. It is something she is said to be 'very proud of.' On July 4, Victoria and David will celebrate another huge milestone - their 25th wedding anniversary. They first got together when Victoria was in the Spice Girls and https://nhanlambangcap24h.com/ David played for Manchester United, and few thought it would last the test of time. However despite some lows - including David's alleged fling with personal assistant Rebecca Loos in 2004 while he was playing for Real Madrid - it has become one of the longest lasting marriages in showbusiness and plans are afoot for yet another bash of sorts. For today, friends say, their marriage is better than ever. As their accumulated 120 million Instagram followers can attest, the couple enjoy their time together, particularly at weekends, at their converted barn in the Cotswolds Village of Great Tew. Recently, Victoria posted a video of the former England captain changing a lightbulb, zooming in on his bottom as she filmed him. He has done the same to her and, while there were times in the past when she would not have been amused, now she couldn't love it more. 'Victoria takes the view that she's 50 and if her husband still loves her bum then she's delighted,' I'm told. 'It kind of sums up their relationship. They are content and happy, they laugh a lot, which has been one of the keys to making it work. It would not be a lie to say that they are in a better place than ever. And that delights Victoria.' She also feels blessed to still have both her parents, Tony and Jackie, as well as her in-laws, Ted and Sandra.