The London School of Economics has become the UK's top-ranked higher education research institution after beating Oxford and Cambridge.
This is the first time LSE has won the top league position in a table devised exclusively for 'The Independent' by the leading research organisation Research Fortnight from official government statistics.
The rankings will determine how the lion's share of 1.5billion worth of government funding for university research will be distributed from next year, reports the 'Independent'.
LSE's position was determined by the proportion of 4* ratings its researchers received - particularly in areas such as economics - where 60 per cent of the research it submitted for accreditation was given the top ranking.
Besides LSE, University College London achieved a higher than 50 per cent ranking for the level of research into economics ranked world class (55 per cent).