Virgin Refund

I have had both BA and easyjet offer me 3 options incl for refund for scedule changes. (same days/diff times) and one included full refund which I accepted. Virgin However are not giving a full refund in the same corcumstances- the flight is LHR-MIA-LHR in Feb 2021. They are stating that change or voucher only. In both cases the flight involves a 4 hour differencr in schedule change. Can they legally refuse a refund?  The say refund only if flight cancelled. Any advice welcome !!!

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