Child got £50 month to invest

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Hi all,
This has proberly been asked loads of times so sorry before i start

I've got a newborn and what to invest £50 a month plus £250 CTF, for 18+years,
What whould you recommend? Bank Account, unit trusts , bonds ,isas ect, plus taking advantage of tax situation, can unit trusts, isas ect be held in my childs name

Thanxs
Giraffe

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