So far my own personal list is:
Moses basket + mattress - not sure if this is necessary
Not if you have a cot no
Blankets
Sheets
Cot/cotbed - might have been donated one of these
Cot mattress
Bouncer
Bath - seems like a pointless bit of plastic when I have a decent sink
They wriggle a lot and they're slippery when wet. The baby bath means you can bath them on the floor and they won't bash themselves or you on the taps!
Towels
Prob get as gift, and you can use regular towels otherwise
Bottles
Bottle Brush
Steriliser - have been given one of these
Muslin squares
Sling
Not immediately - can wait a couple of months for this
Car seat - probably being given one of these
Buggy
Changing mat
Re-useable Nappies + liners - probably a whole other thread in itself!
You might want to hold off on this one to start with. If (s)he's tiny, they'll be seeriously impractical
Wet wipes
Disposable nappies
Cotton wool
Cream
Nappy bucket + sacks
Don't need bucket until you're definitely using reusable nappies
Change bag
Meh. With bottles, rattles, toys etc, just a decent sized bag with lots of pockets will do (think mini rucksack!)
Ear phones (for festivals) - bought these.

Baby Monitor
Thermometer
Mobile - made by doting grandparent.
Baby Manual
Only if you really feel you want one!
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