Keygrip. I'm not certain whether or not vmc can handle what you're asking for, although it is more than capable of streaming content from the internet & comes preloaded with channels in the online media menu - Irritatingly, including Arsenal TV, for example.
I appreciate you wish to take advantage of an existing UK setup, however, this is a bit like driving 300 miles past 50 fillling stations in order to buy petrol! By far and away you're best option would surely be to access a local cable service & have a box that you can watch locally, something like cablecard??