Mr. Hague, a former leader of Britain’s Conservative Party, was chosen in a vote by his fellow alumni to lead the elite university.

William Hague has beaten Peter Mandelson to become chancellor of the University of Oxford. It was announced on Wednesday that the former Conservative Party leader, 63, has been elected. Earlier this month he warned former Labour spinner Mr Mandelson could not be both the UK’s next ambassador to the US and chancellor.

Former foreign secretary and Conservative Party leader William Hague has been elected as the new chancellor of the University of Oxford. Lord Hague, who graduated from Magdalen College in 1982, will be formally inaugurated into the predominantly ceremonial role in the new year.

William Hague, a former British foreign minister and onetime leader of the Conservative Party, was elected on Wednesday as the next chancellor of the University of Oxford, a largely ceremonial role which dates back centuries.

Lord Hague, the former Conservative party leader, has been elected as the next chancellor of the University of Oxford. He will be formally inaugurated early in the new year, becoming the 160th recorded chancellor in Oxford’s history.

William Hague has realised his dream to return as boss of his favourite educational establishment – that's Oxford University, not Wath-upon-Dearne Comprehensive.