Showbiz
Rex Features
The former Spice Girl met Politi at a Florence nightclub in December and the couple enjoyed a whirlwind romance. The shipping tycoon proposed to her in his native Italy over Christmas.
According to a source, Halliwell "woke up one morning last week and decided she just wasn't the marrying type".
"She loved being in a relationship but decided that all she needs is her daughter Bluebell to keep her happy," the source told The Sun.
"Fabrizio is upset but totally respects Geri’s wishes. Her friends are not surprised - Geri has a track record for getting cold feet."
The star has previously dated radio DJ Chris Evans, singer Robbie Williams and has a two-year-old daughter Bluebell with Sacha Gervasi.
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