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Video footage from the television production company shows onlookers gasping as the daredevil's straight-jacket appeared to catch fire.
With just seconds to spare, he threw his jacket to the ground - to rounds of applause from those watching below.
The stunt was shot for the new show The Incredible Mr. Goodwin shown on TV Channel, Watch.
Latest ITV News reports
Hanging 200ft above London Jonathan Goodwin had just minutes to escape.