London, Jan 5 (TIWN) UK Prime Minister Rishi Sunak has pledged to halve inflation and boost the country's economy in his first major speech of the new year.

In his speech on Wednesday, Sunak made five pledges -- to halve inflation; to grow the economy; to reduce national debt; to cut hospital waiting lists; and to stop illegal migrant boats crossing the English Channel, reports Xinhua news agency.  Calling these the "people's priorities", Sunak vowed to "work night and day" to deliver for the British people.  He said his government will halve inflation this year to reduce the cost of living and give people financial security.