It might be helpful to enter the following command serveral times over a few minutes to find out at what rate you are connecting and whether it is the same or if it is changing.
iwlist wlan0 rate
Have you moved your system farther from the wireless access point since you upgraded?
Also the greater the distance or density of obstructions the lower the data rate.
Interference from other access points can also lower the data rate.
If the data rate is consistently good it might be a coincidence between the Ubuntu update and something going wrong in your path to the speedtest site, or something in your hardware. To eliminate these try a different speedtest location and a different computer.
Perhaps easier would be to test the non-coincidence case. Boot your computer from a 14.04 DVD and from a DVD for the last Ubuntu you were running and run the speedtest from each.