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Carron Phoenix Mixer Tap Leak!! Help!!?

Hello, I have a swan neck Carron Phoenix tap and there is a leak coming from the base and where the neck joins the base. The leak is constant and is even worse when you turn the tap on.
I have heard there is an allen key hole on the the tap but I cannot locate it. I have removed the little blue & red sign on the tap but there is just a hole, no allen key hole.
Can somebody please shed some light on how to take the tap apart. I am guessing it is a washer that needs replacing and would prefer to do it myself as Christmas is fast approaching!!!

Thank and much appreciated.
Bob, December 2011
allen key hole to release grub screw is at back of tap..

rupe, December 2011