A couple of things...
Firstly do you want momentary, or latching? Either is fine fo actually controlling the device (just buy the right kind of switch), but your light circuit won't work for momentary push, as the light will just come on when you're pressing the pedal - if you want a light you need latching.
Secondly - you'll blow up the LED unless you add a resistor. An LED will typically have a maximum current rating of about 20mA. You're using a 9V battery which will push way more current through it, and blow it up. The LED drops about 2V, leaving 7 left over. V=IR, so 7=0.02*R or R=7/0.02=350, so you need to add a resistor, bigger than 350ohm in series with the LED.
You can redo the calculation with the specific value of the componets you have, and check it using:
http://ourworld.compuserve.com/homep...Bowden/led.htm
Ian