Your talking so much gobbledegook you're confusing yourself. I fail to understand how you can have a deficit and yet somehow reduce a debt. A deficit is a deficit. If GDP goes up that will have a cosequential positive impact on the ability to reduce that deficit (assuming you decide to pay that down rather than spend it elsewhere)
The tories have reduced that deficit by 3/4's but it is still a deficit - therefore the debt will continue to rise.
How you seem to think borrowing more will help to reduce the deficit is frankly crass. If you need to stimulate the economy to encourage growth to help reduce the deficit you don't do that by taxing businesses more (affecting inward investment) and the wealth creators (the rich that socialists hate/envy so much) Increasing the minimum wage is likely to further discourage inward investment (growth) by encouraging businesses to invest where it is cheaper to fund employees.
What you are suggesting is the economics of the madhouse and indicates that you think Government is the economy when in actual fact the Government is nothing without the businesses and private individuals that create jobs, attract inward investment and sell goods and services abroad that brings revenue into the country - punish them and you are punishing yourself, it's like self flagellation and simply idiotic to believe otherwise.