Point one you can't touch in some areas the street stopcock it belongs to the water authority, break it you pay for it,You have to call them up first and ask what you can do.
The leak may only be the gland nut, check first its not coming loose if it is re-tighten and see if leak stops, that's the small nut on the the tap, if it doesn't carry on with the following. I've re-packed one with the mains on undid the nut with the cold tap on in the sink which reduced the pressure of water coming from the tap shaft. packed it with vaseline and wrapped a thin string of hemp or I've use wool, once or twice around the shaft and push it down into the gap tight, then re-tighten the nut that should stop the leak. Sorry but if it doesn't then you will have to replace the tap. How did I replace one of mine when I couldn't move the pipe. Simple took the centre out an bought a new stopcock removed the centre either white plumbers tape or a tube of sealant Furnox 3 around the thread and fitted it in the old stopcock body job done without having to cut and replace pipwork.
Rob, October 2005