No, they aren't that bad. But they are not what they should be. I have always gotten just over 200ms to these sites and only since yesterday did it spike up to those results. Also, what difference does it make if I am on 2meg or 4meg? The exact same time I was playing League of Legends with a friend of mine (him with a 4meg line) we both got the same increased ping.
But anyway it seems like it is back to normal right now. Just tested and this is the result I am getting.
Pinging bbc.co.uk [212.58.241.131] with 32 bytes of data:
Reply from 212.58.241.131: bytes=32 time=196ms TTL=241
Reply from 212.58.241.131: bytes=32 time=203ms TTL=241
Reply from 212.58.241.131: bytes=32 time=196ms TTL=241
Reply from 212.58.241.131: bytes=32 time=196ms TTL=241
Ping statistics for 212.58.241.131:
Packets: Sent = 4, Received = 4, Lost = 0 (0% loss),
Approximate round trip times in milli-seconds:
Minimum = 196ms, Maximum = 203ms, Average = 197ms
http://www.speedtest.net/result/2017001040.png