There was a packed house at the Millenium Hotel in Auckland for the Prime Minister's pre-Budget speech to Business NZ today.

Perhaps it was curiosity about what's billed as an historic "well being" Budget?

Perhaps it was the star-power of a PM freshly returned from another successful turn on the world stage?


In what must have been the biggest of these style events for many years, business leaders turned out en mass to hear Jacinda Ardern articulate her vision for the economy.

But while the event was crowded there was still space for an elephant in the room.