Hi Japitts
I understand the reason for your assumption but my issue is one of principle.
As you suggest, offering new customers "loss leader" pricing to secure them as a customer has not been uncommon for service companies.
However, the number of enlightened suppliers promising never to offer new customers a price they won't honour for existing customers, has grown significantly over the last 18 months. I suspect this is due to the wealth of research highlighting that 'loss leader' pricing followed by a significant price hike is one of the biggest causes of customer friction.
In Feb'20 Ofcom reported that 20 million customers were out of contract & paying more than they needed to because suppliers were not reminding customers that their initial committed contract term had ended & their price was going up. Virgin were not alone - but in my personal experience through other properties, businesses and service providers they are one of the worst for this practice.
The numerous threads on this issue on this forum would seem to support this insight.
For me the bigger issue is that my service is currently faulty with a my Broadband supply suffering bad contention at peak time - and Virgin admitted to me that it was due to a 'capacity issue in my area' for which they have no timescale for a resolution. To then increase what they are charging me whilst offering new customers a significantly lower price - even as a loss leader - is disingenuous at best.
Virgin built it's brand on being the "customer's champion" - sadly this no longer appears to be one of the company's brand values 😞