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Consumer Rights with Broken Telly

In November 2001, I bought a Phillips TV from Currys. I also bought an extended 2 year warranty which obviously has now expired.

However, a couple of weeks ago the television decided to have a mind of it's own and switch itself off mid viewing. The tv would then turn itself back on and this would go on for about 5 minutes until it would finally stop.

Over the weekend the TV decided to stop working all to-gether and now neither turns on let alone off.

Someone has told me that a shop is legally responsible for up to 5 years for an electrical item therefore I am entitled to complain to them about this.
I have searched for this information through the Consumer Direct website and also the Trading Standards website and alas, I haven't found any information at all.

Can anyone advise as to where I stand legally with this?

The telly was bought on credit but has now been paid in full - If that makes a difference.

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