Euro Foods boss welcomes Wales business rate reform

The boss of a firm that has turned over £100m so far in 2014 has welcomed confirmation that business rates are being fully devolved to the Welsh government.

Euro Foods group in Newport, which supplies more than 4,000 restaurants around the UK, pays £250,000 in business rates annually.

Founder Shelim Hussain said: "Wales is the best place to do business."

BBC Wales economics correspondent Sarah Dickins spoke to him as the chancellor delivered his Autumn Statement.