Re baby kit, you need
something for them to wear (babygros, sleepsuits, hat for the winter, cardigans ditto, snowsuit or similar for when you take them outside, bootee thingies again for colder days. Don't buy too much newborn sized stuff, they grow quickly
somewhere for them to sleep (crib, moses basket, your own bed) plus sheets and blankets (cotton cellular ones you can layer)
lots of muslins
bath support for bath (or you can use a washing up bowl/sink when they're little)
changing mat, nappies, lots of cotton wool (don;t use wipes on tiny babies)
car seat - to get home from hospital
pram/buggy/sling, but you can get this afterwards if you like
er
can't think of anything else!
Useless items:
top and tail bowls
baby baths (they are heavy and pointless)
little outfits - have you tried doing up buttons on a wriggly baby? Then they puke up and you have to change them
baby wipes (see above)
changing station (use the floor, it's safer and easier)
baby bath/shampoo/toiletries - plain water best
toys (small babies don't notice them and you're not supposed to litter up cots with stuff)
cot bumpers - again, not supposed to use them for small babies
Oh and get a bigger laundry basket!
Grobags are also good, but you can't use them with newborns.