Major power steering fluid leak

[Seagal]

Well I keep having problems with this car, after successfully fitting a new alternator last week, I threw in some Stop Leak to try and fix a slight power steering fluid leak I'd noticed a couple of weeks ago. However after driving the car on Saturday, I noticed it was leaking at an alarming rate, . That's my Polo up in the corner and all that mess on the ground has came from my car.
I thought it might be oil going by the colour but my levels seem ok, the power steering reservoir is empty though.
The car only cost me £900 and I'm really not keen to spend money taking it to the garage, I'm getting a new car in August. I've been told I'd be at least £200 to get it sorted, I'm wandering if there's any way of repairing this by myself? Even a temporary fix to get it through the next few months? From what I can gather the leak is coming from a crack at the bottom of the power steering hose.
A workmate suggested sticking some jubilee clips over the leak but surely the pressure would blow them off in no time at all?
Any suggestions would be greatly appreciated.

[alexperkins]

The hoses are replaceable, and if it is split/cracked it should be replaced - certainly something as important as power steering hoses I wouldnt play games with.

Can you get a pic of the damage where its cracked/leaking from?

[Seagal]

The hoses are replaceable, and if it is split/cracked it should be replaced - certainly something as important as power steering hoses I wouldnt play games with.

Can you get a pic of the damage where its cracked/leaking from?

Yeah I'll get a photo of it tomorrow.

[Seagal]

Here's a photo of the leak, it seems to be coming out at the bend, you can see where it's dripped out and ran down.

[alexperkins]

In my opinion, its time to replace that hose

If its dumped that much fluid, its a bit worrying.

[Seagal]

Yeah I'd tend to agree, I wasn't aware of how corroded it was either. Guess I'll search around for a decent quote, I'm nowhere technically minded enough to replace it myself.