George Osborne postponed the sale of Lloyds (LSE: LLOY) shares to taxpayers in January, which pundits blamed on the share price falling below taxpayers’ breakeven level. But what if that breakeven price was lower than anyone had calculated before?

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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.