I aggree with BAZ the bladder within the expansion vessel has split, it will need replacing, cost about £60 + labour. To check, vent the vessel by pressing in the valve on the charging point located on the top of boiler right at the back behind the flue( (it looks like a car tyre valve). Press the centre, if hot water spits out or any water for that matter the vessell is Knacked.
Fletch, December 2007