Dont hold out to much hope of compensation. They didnt pay out for the first 3 days loss of service when my internet connection was down for a week.
Whilst I feel that BT should tell us more it would probably confuse more than it helps for many so most status updates are usually (for most companies) fairly plain and do not inform well. I would expect the on call engineers to be out looking at this but if it is hardware failure somewhere they may have to wait for a part to be delivered. Also it is possible it is a fault with EE, leaving BT limited in what they can do.
For those who keep saying there is no status on a consumer page - there is here (The page may not work on a mobile device). It appears it pulls the details in from the business page but is easily accessible by clicking the 'Or view all service updates' link from http://www.bt.com/help/home/.
Haha I have an IDmobile sim contract too, last month their internet service was down for about two days, you know what they did, they sent me text and an email plus told me they would discount my bill by HALF for next month for the problems occured
THATS customer service, from a new company too. BT take notes, keeping customers updated = keeping customers happy to stay.