Asda chief executive Andy Clarke told ITV News he was "pleased" taxation changes were revealed in today's Budget, but noted that they would not happen this year.
Mr Clarke said: "Changes in taxation that affect customers and business has a positive effect on the company, we're pleased to see some level of tax change - but it's not in this year. These are taxation changes that are going to happen in the future.
"That's good to see, directionally it's good, but for people who shop in our stores and families around Britain it's what they are going to see from tomorrow."
More top news
Daniel Cowell has been jailed for five years and four months after ramming a police patrol car with a stolen transit van.
The OPCW have left the site of the suspected chemical weapons attack in Douma and should have results in about a week, ITV News understands.
First Minister Carwyn Jones revealed his plans in his speech at the Welsh Labour conference.