I have now heard from Ofcom who do not become involved in individual disputes - although they tell me that the relevant code of conduct should enable new customers to escape within 3 months if they find they do not get the required speed.
However, they do say:
"Although we do not become involved in individual disputes I have logged your experience here. This feeds into the statistics which we collate to monitor trends in consumer concerns. Where we see a rise in similar complaints against the same company we may take further action".
Therefore, it would be worthwhile anyone else who wishes to lodging a complaint with Ofcom.
Only reason I'm on Virgin is that BT decided my exact block wouldn't get a fiber optic cable so couldn't get more than 12mbps on a copper line. However at least I got 12mbps which is better than a theoretical 60mbps any time I'm not at home or at 3am and an actual c 1mbps whenever I might actually want to use it. Forget streaming video, I can't even play a game online without stuttering/disconnections.
I don't even have a virgin phone line so switch back will be easy.
Copied and pasted my message below in case anyone wants to use:
"Capacity issues affecting whole of N1 postcode making broadband service effectively unusable at peak hours (1-2mbps vs 60mbps package sold).
Numerous complaints on Virgin Media forums from other dissatisfied customers. Virgin have acknowledged capacity issues but keep moving the date at which problem will be resolved, most recently from March to May. Problem was first highlighted last year.
Despite this Virgin continue with misleading advertising in the area for their services and encouraging signups. Common sense suggests they should be dealing with existing customers first rather than trying to sign up more people to an oversubscribed service."
Got a more detailed response from Ofcom today, and hopefully you or others who have complained did too.
Won't copy the full thing here but in summary they said that if "your complaint has been ongoing for over 8 weeks, you may be able to take your complaint to an Alternative Dispute Resolution (ADR) scheme. An ADR scheme is an important piece of consumer protection as they are free and independent for consumers like you. Virgin Media must abide by their decision but if you remain unhappy you are free to consider legal action"
This has easily been going on for 8 weeks now as we know, and even Virgin are admitting it's going to go on for another 2 months now based on their latest invented resolution date. Meanwhile they continue to advertise 100mbps plus speeds being available in the area.
I'm going to write a letter to the ADR scheme people now and see what happens.
Getting slower by the day for me. 0.6 Mb/s tonight, down from the usual 1 Mb/s! I was told by VM CS on the phone not to expect significant improvement for several months as the utilisation problem will not be resolved until new cable is laid, and they havent even received planning permission for works in my area yet. Could be next year.
If this isn't the worst service by an IP I'd like to know what is. Ofcom, Trading Standards, etc should all be onto this - it's mis-selling on a grand scale. I signed a contract in January for 30 Mb/s when VM knew I wouldn't be receiving anything like that for the foreseeable future.